Government ignored repeated warnings that €75m housing scheme would increase prices

Builders had lobbied for shared equity plan as it ‘would drive up house prices’, official said

Robert Watt, the secretary general of the Department of Public Expenditure. Photograph: Dara Mac Dónaill

Robert Watt, the secretary general of the Department of Public Expenditure. Photograph: Dara Mac Dónaill

Senior Government officials warned that a €75 million scheme to take shared equity in houses bought by new home buyers would increase the price of houses without helping supply.

One of the State’s most senior officials warned that the building industry was lobbying for a scheme “because it would increase prices”.

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