Thursday, 3 October 2019

Ceisteanna (64)

Michael McGrath

Ceist:

64. Deputy Michael McGrath asked the Minister for Finance the annual cost of the help-to-buy scheme in each year since its establishment; the number of persons that availed of the scheme in each year; the number that were first-time buyers; the number that were self builds; the average house price that was purchased using the scheme in each year in tabular form; and if he will make a statement on the matter. [40451/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

The cost of the Help to Buy incentive in each year, over the period 19 July 2016 to end August 2019, (the most recent month for which data are available) is as follows: 

Year

Cost (€M)

2019*

64.3

2018

73.2

2017

50.2

2016

18.7

*To end August 2019

The number of claims made for HTB in each year is outlined in the table below.  It should be noted that a claim is made in respect of a property and may relate to one or more individuals.  Under the legislation, a claimant must be a 'first-time purchaser' (i.e. a person who has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a dwelling). As such, all claims in the following table relate to first-time buyers.

Year

Number of claims

2019*

4,165

2018

4,966

2017/2016**

4,824

*To end August 2019

**As the scheme was backdated to July 2016, this data represents claims made in 2017 and retrospective claims relating to 2016 which were made in 2017

Revenue advise me that, out of the total of 14,722 claims for HTB which have been made to end August 2019, 3,164 relate to self-build properties.

Finally, the average purchase price per year associated with HTB claims is set out in the following table. 

Year  Claim Started

Average   Purchase Price (€)

2017

304,100

2018

316,800

2019   (to end September)

327,700