A Laois real estate agent doesn't think the changes are that significant.
First time buyers will be permitted to borrow four times their gross income from January, an increase from the current 3.5 times rate.
Under the changes to lending rules, second time buyers will now need a 10% deposit when purchasing a property, down from the previous threshold of 20%.
The changes have been met with some concern that house prices may increase further.
But Minister Michael McGrath says something had to be done to meet continuous inflationary costs.
But Clement Herron, of Clement Herron Real Estate in Portlaoise doesn't think the change will have a massive impact:
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