Seanad debates

Wednesday, 6 December 2017

Finance Bill 2017: Committee Stage

 

10:30 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

First-time buyers cannot buy second-hand houses, just as the first-time buyers grant only applies to new houses. This is unfortunate because many people want to live in the area in which they grew up, if they can afford to, and near their families. If there are no new houses in supply, however, they either have to move area or not benefit from the help to buy scheme. I have reservations about the scheme, then, but the Indecon report that has come out on this seems to say that there has been no impact on house prices, for the moment anyway. I would be sceptical enough about that view.I want it to be kept under review. There is a point but, at this stage, we need to get the Finance Bill passed.

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