Property prices will increase sharply again in 2017
Some policy changes made last year will create a two-tier market, increasing property demand - and prices
In 2016, there were a number of important policy shifts in relation to property in Ireland, particularly in the final few months of the year.
The first was the creation of a Cabinet-level Minister for Housing, a sign that - with the change of government - the severe shortage of housing was finally being taken seriously by those in power.
The second substantive change was the long announcement, from about mid-summer until the Budget, of "help" for first-time buyers of newly built homes in the form of a tax rebate.