The prices of new homes under a new affordable purchase scheme will start at €160,000 and reach €250,000, according to newly appointed housing minister Darragh O’Brien. Mr O'Brien said that the houses on the scheme will be on a “shared equity basis”. “You will be looking at house prices in the region of €160,000 - €180,000 to €250,000 on a shared equity basis.”He said that the scheme has been put in place successfully in Ireland in the past. “The prices and the costings and the scheme itself is backed up independently and that’s a big focus for us,” he explained. Mr O’Brien said that this scheme will help the people who are not eligible for social housing but face difficulties in securing a mortgage.

Source: Irish Independent June 30, 2020 08:03 UTC