Yes. However, having bought your new home at a price significantly below the market value, it is necessary to ensure that profiteering does not occur. Affordable Housing has been designed with a “clawback” process included.

The clawback is quite simple: when you sell your home, you repay to the Council a percentage of the sale price and this is known as the clawback . This percentage is directly linked to the initial discount that you received when you purchased your home. Please refer to the example below.

An Example of How the Clawback Process Works

Let’s say you purchase a new apartment (which has a market value of €200,000) for €160,000. We have therefore provided you with a discount of 20%.

Let’s say that you then sell this property, within 10 years, for €300,000. SDCC will be due 20% of €300,000 (which is €60,000). It is as simple as that!

After 10 years, there is a sliding scale which reduces the amount of clawback due to the Council. After 20 years, you do not have to repay any clawback to the Council. Please speak to one of our advisors for further details.

Buying Your Home At An Affordable Price.