The property market will recover - if Noonan lets it

The property market could be given a much-needed boost before the property tax is introduced in July by extending the period of mortgage interest relief, writes Kieran McGowan.

11th November, 2012
The property market will recover - if Noonan lets it
The property market has shown signs of recovery. Photo: Photocall

Early recovery in the residential property market is evident in a pre-budget summary of activity that Property Industry Ireland (PII) has compiled.

Inputs from our members, including agents, bankers, sales websites and brokers, show activity is increasing steadily as buyers move to capture value and take advantage of the mortgage interest relief scheme, due to expire at the end of December.

Property viewings have increased by about 25 per cent in the past year, prices...

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