Property sector finds little foundation for optimism

Apart from extending the time period during which some borrowers can claim tax relief on their mortgage interest, Brian Lenihan’s budget contained no measures designed to stimulate the property market.

12th December, 2009

Apart from extending the time period during which some borrowers can claim tax relief on their mortgage interest, Brian Lenihan’s budget contained no measures designed to stimulate the property market.

However, in the wake of the National Asset Management Agency (Nama) and the bank bailout, it would have been politically impossible for him to do anything that could have been interpreted as helpful to developers.

Aine Myler, president of the Irish Auctioneers and...

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