Details of regional price caps attached to a contentious shared equity scheme for private home purchases will be published soon, Minister for Housing Darragh O’Brien has said in response to concerns over potential price inflation. The Government has come under sustained criticism for the proposed model which embraces private sector supply and that critics insist will drive up prices. “We are going to have regional price caps, it’s going to be targeted at specific eligibility conditions around affordability,” he said as he announced a €430 million capital investment programme in Dublin. “The reality is [that] right now we are seeing slight house price increases as well. However, the bulk of opposition relates to the scheme’s central reliance on private sector delivery.

Source: The Irish Times March 05, 2021 15:17 UTC