Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

252. To ask the Minister for Finance the total anticipated cost of the help-to-buy scheme based on the applications to date; and if he will make a statement on the matter. [41615/16]

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

The Help to Buy scheme opened for applications on January 3rd 2017, and has had 1,255 applications to date.

It is too early to anticipate an estimate of the actual cost of the scheme based on such a small amount of data, which includes retrospective applications. However, at Budget time, it was estimated that the incentive would cost approximately €40 million per annum, €50 million in 2017, as a result of claims being made in respect of qualifying purchases and self builds completed in the latter end of 2016, as well as claims in respect of 2017.