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Departmental Data

Dáil Éireann Debate, Thursday - 13 May 2021

Thursday, 13 May 2021

Questions (261)

Eoin Ó Broin

Question:

261. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the property price caps for the shared equity loan scheme; and the details of the methodology and data used in setting these price caps. [25359/21]

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Written answers

The current price caps envisaged for the Affordable Purchase Shared Equity Scheme are detailed below. These will be finalised in advance of the schemes deployment and will be kept under review.

Determining the price caps requires balancing the accessibility of the scheme for eligible purchasers, mitigating against potential inflationary pressure and ensuring that a range of homes can be supplied across key locations.

The price ceilings are informed by the CSO recorded median prices of new First Time Buyer homes sold by area. Therefore, homes in the lower half of recorded sales prices over the previous year are targeted.

Price Cap (€)

Location\Area

450,000

Dublin City Council, Dun Laoghaire Rathdown

400,000

Fingal County Council, Cork City Council, Galway City Council, South Dublin County Council, Wicklow.

350,000

Cork County Council, Galway County Council, Kildare, Limerick City and County Council, Meath

300,000

Clare, Westmeath, Wexford.

275,000

Carlow, Louth, Offaly.

250,000

Kerry, Kilkenny, Laois, Roscommon, Waterford.

225,000

Cavan, Donegal, Leitrim, Longford, Mayo, Monaghan, Sligo, Tipperary

Additional price caps for apartments

500,000

Dublin City Council, Dún Laoghaire-Rathdown County Council

450,000

Fingal County Council, Cork City Council, South Dublin county Council

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