Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I will finish up soon. The Government has come up with the idea of a help-to-buy scheme. It sounds great - the slogan sounds great anyway. There is a lot of concern, which I share, that it will increase property prices. We know that 35% of new loans can be issued outside the Central Bank's strict loan-to-income and loan-to-deposit ratios. Can the Minister enlighten us as to what he intends to do in terms of this help-to-buy scheme? His colleague said that it would be a taxation-based system. Could the Minister point us to papers containing evidence suggesting that this will not cause an increase in house prices and point us to any concerns from organisations suggesting otherwise?