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Dáil
‹ Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

Help-to-buy for vacant homes

Summary

Deputy Canney sought an extension of help-to-buy to vacant properties to support first-time buyers in towns and villages. The Tánaiste said the scheme currently covers new builds but agreed there was sense in considering vacant homes.

I welcome the extension of the help-to-buy scheme but I would like the Tánaiste's comments on how it can be enhanced to include first-time buyers of any of the vacant properties that are splattered around every town and village in this country. We should give young people a chance to bring those homes back into use by extending to them the supports available under the help-to-buy scheme. It is a good scheme but this change needs to be made as a matter of urgency in order that we can start giving some hope to young people who want to buy their own home, especially around the regions, where there is a huge number of these vacant houses.

Comment on this
Leo Varadkar The Tánaiste Fine Gael

As the Deputy knows, the help-to-buy scheme, as it is currently constituted, is only for new-build properties, which include own-build homes, including in rural areas. It is designed to encourage the provision of more new builds that are affordable for first-time buyers. The suggestion has been made by the Deputy, as well as Deputy Griffin and others, that we should extend the scheme to cover vacant properties that are brought back into use. I think there is some sense in that. I see a lot of properties around the country that could be turned into homes and, potentially, we could use the help-to-buy scheme to encourage people to do exactly that. It would make sense from a climate point of view as well to reuse an existing building rather than building a new one. However, there is potentially an alternative way of doing it, which is through a grant system. We are looking at the two options at the moment and we hope to make a decision in the next couple of months.

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