Glenveagh boss: price caps on First Home scheme may need to rise | Business Post

Stephen Garvey, chief executive of Glenveagh Properties: expects house price inflation to run at 6 per cent this year, due to rising material and energy prices, labour shortages and inadequate supply. Picture: FennellsCaps on the government’s long-awaited First Home shared equity scheme should be reviewed after 12 months and amended to include more expensive homes if needed, the head of one of the country’s largest homebuilders has said.

Under the First Home affordable purchase shared equity scheme, which is due to be launched by the middle of this year, the...

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