The Help to Buy Initiative which officially opened yesterday morning is being deemed a success with revenue announcing 120 applications had been received by 1pm and more applications were made in the afternoon. Applications can be made by registering on the Revenue website and going through the application process. The rebate can then be claimed on either DIRT or income tax.
It is hoped that the scheme will enable first time buyers meet the Central Bank Requirements on deposits and auctioneers and estate agents in Munster are hopeful that it will bring an increase in business to Cork and Limerick as people move to the larger cities outside Dublin to set up home as a result of rising prices and lack of availabilty in the Capital. Read more at the Journal.ie