The Irish government has announced an extra €30 million in funding and an extension of the First Home Scheme (FHS) until 2027.
The FHS is a shared-equity initiative aimed at helping eligible first-time buyers and other homebuyers bridge the gap between their deposit and mortgage and the cost of a new home. Under the scheme, the State can contribute up to 30% of the purchase price in exchange for an equity share in the property, which buyers can later repay.
Minister for Housing James Browne said the scheme has seen “strong interest” since its launch in July 2022, with over 15,300 people registering and 6,700 buyers approved.
The first three months of 2025 saw a surge in uptake, with 858 new applications—up 49 per cent compared to the final quarter of 2024—and approvals rising 51 per cent to 727.
The new funding brings the Government’s total investment in the scheme to €370 million.