Minister for Finance Paschal Donohoe has said he will "signal well in advance" if he is to make changes to the Help to Buy mortgage scheme.

He was responding to Fianna Fáil’s finance spokesperson Michael McGrath who said there has been "considerable speculation" from ministers that the scheme may be scrapped, which is causing uncertainty in the property market.

Speaking in the Dáil, Mr Donohoe said that Indecon Economic Consultants were appointed in April to carry an independent economic assessment on the effects of the scheme and the report is scheduled to be completed by the end of the August.

"Once received the contents and findings of this report will be considered and I will decide on any appropriate actions to be taken in the context of my deliberations as part of the annual budgetary process," Mr Donohoe said.

He added that the Government remains of the view that the incentive has the potential to increase the supply of new build homes and  speculation concerning the abolition of the scheme will not impact negatively on those who have made applications for the scheme.