Sinn Féin Finance and Public Expenditure and Reform Spokesperson Pearse Doherty TD has said the Help to Buy Scheme is still doing damage and distorting house prices while Fine Gael engage in navel-gazing.

He once again reiterated his call for the scheme to be scrapped saying ending it would free up €40m in potential spending next year.

Deputy Doherty said:

“The Help to Buy Scheme has been nothing more than a transfer of taxpayer’s money into the pockets of developers. Sinn Fein’s warnings about the scheme were ignored by Fine Gael and Fianna Fail and as result approximately €50m of taxpayer’s money has been thrown into a black hole with no results.

“Even the idea that a two year scheme could boost builds makes no sense when you consider the build time. This was a bad idea from day one and needs to be stopped immediately.”

If you have a story or want to send a photo or video to us please contact the Donegal Now editorial team. Between 9am and 5pm Monday to Sunday please call 074 9112712. Between 5pm and midnight please call or text 086 792 2103. Or you can email [email protected] at any time.