Building industry urges extension of €600m first-time buyers scheme amid soaring construction costs

📆 2022/08/26 0:30:00
📰 businessposthq

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The Construction Industry Federation has said the Help to Buy scheme must be extended to offset rising costs for first-time buyers. The lobby group also called for lower taxes for small landlords to stop what it called their “exodus” from the market

The government must extend its “vital” €600 million Help to Buy scheme for another three years to help both builders and first-time buyers with soaring costs, the country’s construction lobby group has said.

The Construction Industry Federation also warned that low levels of projected government spending on infrastructure projects under the €165 billion National Development Plan do not “augur well for the pipeline of construction projects”.

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