Minister ‘confident’ he can reverse downward trend in home ownership

The video discusses the trends in home ownership, highlighting that figures have not drastically fallen but have leveled off since 1991. The government has introduced measures like the First Home Scheme and the Help to Buy grant to support home buyers. Despite a slight decrease in home ownership, there is optimism about reversing this trend due to increased supply and government initiatives. The video also emphasizes the importance of balancing home ownership with social housing delivery, noting significant progress in recent years.

What is the main purpose of the First Home Scheme introduced by the government?

• To provide rental assistance to low-income families

• To reduce property taxes for existing homeowners

• To help first-time buyers purchase homes by bridging the financial gap

• To offer tax incentives to real estate developers

Which political party has expressed opposition to the First Home Scheme and Help to Buy grant?

• Labour Party

• Sinn Féin

• Fianna Fáil

• Fine Gael

How has the trend in home ownership changed according to the government?

• It has remained stable with no significant changes

• It has increased significantly due to new government policies

• It has drastically declined over the last 30 years

• It is starting to reverse with an increase in first-time buyers

What is the government's approach to balancing home ownership and social housing?

• Reducing investments in both home ownership and social housing

• Increasing home ownership while also delivering more social homes

• Focusing solely on social housing development

• Prioritizing home ownership over social housing

What financial commitment has the government made towards housing development this year?

• 5 billion euros

• 4.5 billion euros

• 3 billion euros

• 2 billion euros