The Help to Buy Scheme has been expanded in the government’s July Stimulus Package, but has come in for criticism from opposition parties.
Sinn Fein’s Eoin O’Broin claims that it caused some house prices to increase by €10,000 overnight after the announcement.
But are the developers hiking the prices? And just what’s going on in the market at the moment?
Michael O’Flynn is a developer in Cork, and he gave his reaction to Mark Cagney on Tuesday's edition of the Hard Shoulder.