Property Industry Ireland welcomes commitment in Budget 2021 to housing and capital spending

Responding to today’s Budget 2021 announcement, Dr David Duffy, Director of Property Industry Ireland (PII), the Ibec group for businesses working in the property sector, said: “Property Industry Ireland welcomes the commitment in today’s Budget to housing and capital spending. 

“The reference by Minister McGrath that the housing crisis will be solved through both public and private delivery of housing is positive. PII also welcomes the announcement of an Affordable Purchase Shared Equity Scheme for first time buyers. 

“While the budget allocated will mean that it will have limited impact on making more homes available, PII is ready to engage with the Department of Housing on the structure of the scheme to ensure that families can be in new homes as soon as possible.”

In June 2020, PII published a discussion paper, “The Irish Equity Loan: Supported Home Ownership for the Locked-Out Generation and the Returning Diaspora”, setting out a structure for a proposed equity loan scheme.