Jim Daly (Cork South West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

127. To ask the Minister for Finance the assistance, incentives or grants available to first-time buyers of residential properties; and if he will make a statement on the matter. [22811/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The recently announced 'Construction Strategy' sets out a comprehensive strategic approach to housing that is being undertaken by Government. As part of this strategy, I am committed to examining international best practice and developing proposals for additional models of mortgage financing in Ireland, including the concept of a mortgage insurance scheme, to ensure sustainable levels of mortgage lending in the medium term. As part of my examination, I will be considering the applicability of such a scheme to the Irish market and have asked my officials to undertake an economic impact analysis considering certain design parameters including restrictions to first time buyers.

My colleague, the Minister for the Environment, Community and Local Government, Phil Hogan T.D., may be in a position to advise on residential property schemes under the remit of his Department.