Ciarán Lynch (Cork South Central, Labour)

Is there a shelf life for the operation of the scheme? Will it be for the next 12 months or will it go into the foreseeable future with an indefinite end point? As there is no maximum earnings threshold and the maximum purchase price is €285,000, why is the purchase of old builds not being facilitated? It does not make sense. If somebody can purchase a house at that value in a declining market — this will be realised in the next six to 12 months — will the Minister of State not consider allowing old builds in the scheme? If he does not, the clear implication is that this is a developer-driven product.

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