money

53 ‘Help to Buy’ Applications Everyday

Figures from the Revenue Commissioners show that a total of 4,698 applications have been made under the Help-to-Buy incentive since it opened on January 1.

This equates to almost 53 a day.

Of these, just over half (2,380) have been approved. The remaining 2,318 are being processed.

Applicants who decide to buy a property then proceed to the claims stage.

Some 1,006 claims have been made to date, of which 534 have been approved.

While the total cost of the scheme across a full year is not yet known, the value of the 534 approved claims to date is €8.2m.

This equates to €15,355 each.