Get a Free Property Valuation in 2-minutes with FindQo.ie Property Valuation Calculator!Free Valuation
For many first-time buyers in Ireland, the dream of owning a home can seem out of reach. With rising property prices and mortgage limits, even well-prepared buyers are finding it hard to secure a suitable home within their budget. Thankfully, the Affordable Purchase Scheme is designed to close that gap and help more people get on the property ladder.
This government-backed initiative provides financial support to eligible buyers by reducing the upfront cost of newly built homes. In return, the local authority retains a percentage share in the property. It is a practical and sustainable approach to affordable housing, offering an alternative to long-term renting.
In this guide, we’ll explore how the Affordable Purchase Scheme Ireland works, who qualifies, and how you can apply.
The Affordable Purchase Scheme is part of the government’s wider Housing for All strategy. It is a government housing scheme for first-time buyers who cannot afford to purchase a home on the open market but do not qualify for social housing.
Under the scheme, participating local authorities offer newly built homes at reduced prices. The difference between the market value and the discounted price is covered by the local authority in exchange for a percentage equity share in the home.
This shared equity model allows you to buy a home at a more affordable price, with no interest or monthly payments required on the equity portion.
The Affordable Purchase Scheme operates through a straightforward shared equity structure:
When you buy a home through the scheme, the local authority offers a discount of up to 30 percent off the market value. You pay the remainder through a mortgage and your own deposit.
In exchange for the discount, the local authority holds an equity share in your home equal to the percentage discount given. For example, if you receive a 25 percent discount, the authority owns a 25 percent stake.
There are no monthly repayments or interest on this equity share. Repayment is only due when you choose to buy out the equity, sell the home, remortgage, or after a specified period.
You are free to buy back the equity from the local authority at any time, either in full or in stages. When you repay, the amount is calculated based on the current market value of your home.
This approach allows first-time buyers to access modern homes with reduced financial pressure, while maintaining the option to fully own the property in the future.
To benefit from the Local Authority Affordable Purchase Scheme, you must meet several criteria. These are designed to ensure that the scheme targets those most in need of support:
Each local authority may have additional conditions or preferences, such as prioritising buyers already living in the area or families with children.
The scheme is currently being rolled out by local authorities across Ireland. While availability can vary by region, more councils are joining the programme as new developments are completed.
Counties currently offering homes through the scheme include:
To find out what’s available in your area, check your local authority’s website or housing section. New properties are often listed with price details, expected completion dates, and eligibility criteria.
Applying for the Affordable Purchase Scheme Ireland involves a few simple steps:
Keep an eye on your local authority’s announcements regarding available homes under the scheme. These are usually posted online and shared through council newsletters or local press.
Before applying, make sure you meet all income, deposit, mortgage, and residency requirements. Some authorities require a housing need assessment before proceeding.
Each council provides its own application form and list of supporting documents. Typically, you will need:
Applications are usually submitted online, but postal options may also be available.
Your application will be assessed, and successful applicants will be contacted and invited to reserve a property. Once you accept the offer, you’ll begin the legal and financial steps to complete the purchase.
You’ll sign a shared equity agreement with the local authority outlining your obligations and the conditions under which equity must be repaid.
The Affordable Purchase Scheme offers several key benefits:
This government housing scheme for first-time buyers creates an affordable path to homeownership without placing additional financial strain on those who are already stretching their budgets.
While the scheme is highly beneficial, it’s important to understand your responsibilities:
It’s recommended to speak with a mortgage advisor or solicitor before signing the shared equity agreement, so you fully understand the implications for your long-term finances.
For first-time buyers who fall between the cracks of the open market and social housing, the Affordable Purchase Scheme Ireland is a meaningful solution. It reduces the cost of buying a new home, provides long-term housing security, and opens the door to full ownership without immediate financial strain.
If you’re struggling with affordability, this scheme could be the step you need to move forward. With more developments being launched and local authorities actively participating, now is the perfect time to explore your options.
At FindQo.ie, we help first-time buyers in Ireland connect with trusted estate agents and discover newly built homes that qualify for government housing schemes. Whether you’re just starting out or ready to buy, our platform makes the process easier, smarter, and more accessible.
Visit FindQo.ie now to explore homes available under the Affordable Purchase Scheme and take the first step toward owning your own home.
Browse thousands of verified property listings on FindQo.ie
