Don't let it go through roof.. COMMENT Park House, 191 - 197 North Circular Road, Dublin 7 Tel: 01 868 8600, Fax 01 868 8626, irishmirror.ie.
THE Central Bank is to remove the [euro]220,000 cap on mortgage lending for first-time buyers with a 10% deposit.
The move is sure to be welcomed with a sigh of relief from those looking to get on the property ladder, with ever increasing rents making it harder and harder to save for a deposit.
But we must ensure the country doesn't fall back into old habits of the Celtic Tiger.
A flood of first-time buyers enter the market, but this does not mean the price of houses should rise exorbitantly with it.
The last thing Ireland needs is another false propery bubble, we just about survived the last one - we may not be so lucky again.
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|Title Annotation:||Editorial; Opinion; Leading articles|
|Publication:||The Mirror (London, England)|
|Date:||Nov 24, 2016|
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