Where are the new builds that qualify for first-time buyers scheme?

25% of all properties that qualify are in the Dublin area

Where are the new builds that qualify for first-time buyers scheme?

Modular homes in Ballymun, Dublin | Image: RollingNews.ie

The bulk of new properties that qualify for the Governments first-time buyers scheme are located in Dublin and its commuter counties.

That is according to research carried out by property website Daft.ie.

It found that 25% (643) of all properties nationwide that qualify and are currently available (2,540) are in the Dublin area.

Kildare has 14% of the properties that qualify, while Meath (13%) and Cork (6%) were next best.

Martin Clancy, communications manager from Daft.ie, said: "At the moment we're continuing to see a lot of increased activity around new home searches.

"The majority of these searches are also matching up with areas that represent the bulk of properties available that qualify for the first-time buyers scheme, namely Dublin, Kildare and Meath."

Meanwhile, searches for new homes continues to increase - with November seeing a 67% increase in new home searches compared with the same period last year.

It comes as the Central Bank announced a significant change to its mortgage measures - which will mean first-time buyers will be able to borrow up to 90% of the value of their home, with a 10% minimum deposit.

The locations of new homes that qualify for the first-time buyers scheme are:

  • Dublin - 643
  • Kildare - 344
  • Meath - 318
  • Cork - 163
  • Kerry - 150
Source: Daft.ie