Willie O'Dea
Ceist:62. Deputy Willie O'Dea asked the Minister for Housing, Local Government and Heritage his plans to revise the first home scheme house value limits; and if he will make a statement on the matter. [53577/25]
Amharc ar fhreagraWednesday, 8 October 2025
Ceisteanna (62)
Freagraí scríofa
The First Home Scheme is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, eligible homebuyers, and self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country).
The First Home Scheme Designated Activity Company (DAC) is fully responsible for the operation of the First Home Scheme on behalf of all shareholders, including price-ceiling reviews. At its launch, First Home Scheme announced it would review all price ceilings at 6-month intervals. The DAC takes into account a range of factors as part of these reviews, including the median price and volume of new builds purchased by first time buyers in each local authority area.
At the end of June 2025, the First Home Scheme DAC published the outcome of its sixth scheduled review of the price-ceilings that apply to qualifying homes. New price-ceilings were agreed for 16 local authority areas, and came into effect on 1 July 2025. The next 6 monthly review of price ceilings is scheduled to take place by the end of the year.
More information on price-ceiling reviews is available on the First Home Scheme website.