Who uses the Help to Buy scheme? Stylised facts and trends

Emil Bandoni and Anuj Pratap Singh
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Emil Bandoni: Central Bank of Ireland
Anuj Pratap Singh: Central Bank of Ireland

No 6/FS/24, Financial Stability Notes from Central Bank of Ireland

Abstract: We examine loan-level data to compare the characteristics of Help to Buy scheme participants in Ireland with other first-time buyers. The profile of Help to Buy users broadly reflects the recent composition of new housing supply, especially in terms of location. Our estimates show that Help to Buy users are typically one year younger, higher income borrowers who purchase larger, more expensive homes. The average house price differential is likely connected to the nature of Help to Buy properties, which are newly built, larger, and with higher energy ratings.

Date: 2024-09
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