25 new Galway houses on sale as part of brand new 'starter home purchase scheme'
The two and three bed starter homes are becoming available in Slí na hAbhainn with prices starting at €330,000
Twenty-five new Galway houses which are being released to the public this month will be sold as part of a brand new ‘starter home purchase scheme’.
New wannabe homeowners who are hoping to get their foot on the property ladder are being urged to get their applications ready for when the portal opens on Thursday September 24 as applications are being prioritised in order of date and time they are received by Galway City Council.
The two and three bed starter homes - which are part of the Affordable Housing Act 2021 - are becoming available in Slí na hAbhainn on the Ballymoneen Road with prices starting at €330,000.
There will be ten, two bed mid-terraced houses; five, three bed mid-terrace houses and ten, three bed end-terrace houses available on the scheme.
For the two bed mid-terrace houses on offer - with a market value of €405,000 including one parking space - there must be a gross income of €74,250 with the minimum purchase price starting at €330,000 and the max capped at €384,500.
For the three bed end-terrace house - with a market value of €470,000 including two parking spaces - there must be a gross income of €88,875 with a minimum purchase price of €410,000 and a maximum purchase price of €460,500.
The purchase price you pay will be calculated based on your income and mortgage capacity.
Criteria you need to meet to eligible for the scheme are:
You are a First-Time Buyer or meet the exceptions under the Fresh Start Principle; Each person included in the application must have the right to reside in the State; The affordable home must be your place of residence; You must need at least a 5% equity stake from the local authority; You have a minimum deposit of 10% of the purchase price.; Applicants must have their mortgage approval in principle prior to applying for an affordable home.
Galway City Council added: “The price you pay for your home will be higher if your income and mortgage capacity are higher, and the equity share will be correspondingly lower.
“The table below sets out estimated income limits.If your gross household income is above these limits but you have reduced mortgage capacity, you may still be eligible to apply.
“If you have savings, gifts and/or support through the Help to Buy scheme, you may be able to purchase a home with a lower household income.”
Applications will open at 12 noon on Thursday 24 September 2026 and more information can be found on their website here.