About 10,000 people benefit from this scheme each year, but there are 33,600 first-time buyers every year. About 70% of the first-time buyers do not buy new houses; they buy second-hand houses. They do not get grant relief. Some could argue that is a distortion of the market. At present the average house price is about €190,000. This grant represents a mere 2% of that price, which would not affect the decision whether to buy. In the early 1980s it represented 10% of the value of the house and it certainly made a difference in deciding whether to buy. There are many other initiatives the Government has for first-time buyers but this scheme does nothing to increase the supply of land, which is the greatest impediment to solving the housing crisis.