Minister for Housing Simon Coveney is due to announce an action plan for housing on Tuesday.
First-time buyers could receive tax relief and state top-ups of mortgage deposit savings as part of a scheme currently being examined by the Government.
According to the Irish Times, details about the Help to Buy scheme will not be revealed in an action plan for housing due to be announced by Minister Simon Coveney on Tuesday, but will be withheld until the budget in October.
Minister Coveney is said to have wanted to include details about the scheme in the action plan for housing, but Minister for Finance Michael Noonan said that tax measures can only be announced on Budget day.
A similar scheme that operates in the UK allows mortgage deposit savings to be topped up by 25 per cent to a limit of £3,000.
The potential introduction of a scheme here, along with the announcement of Minister Coveney’s action plan for housing, is a response to the housing crisis in Ireland, with the Government acknowledging the difficulties experienced in saving for a mortgage deposit, particularly in Dublin, under the Central Bank lending rules.
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