The cumulative cost of the Government's Help-to-Buy scheme for first time buyers was €559.7 million at the end of 2021, which was 43%, or €168 million, more than original cost estimates.A report from the Parliamentary Budget Office also found that 63% of HTB claims were used to buy homes above the average national house price.
The report states:"This increased the purchasing power of FTBs, which fuelled property inflation and created a dead weight loss."
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