Irish PM to boost help-to-buy home scheme if re-elected


  • World
  • Tuesday, 21 Jan 2020

FILE PHOTO: Ireland's Prime Minister Leo Varadkar arrives for a European Union Summit at the Europa building in Brussels, Belgium December 12, 2019. Aris Oikonomou/Pool via REUTERS

DUBLIN (Reuters) - Ireland's governing Fine Gael party will boost a government subsidy for first-time home buyers if re-elected next month, Prime Minister Leo Varadkar said on Monday, seeking to sway voters on one of the key election issues.

House prices have stabilised in Ireland over the last year after recovering rapidly from a real estate crash a decade ago. However rents that are as much as 40% above the peak hit during the preceding boom have limited prospective buyers' ability to save a deposit to buy their first home.

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