Farm Ireland

Sunday 17 December 2017

2014 'could see more lending'

Jim O'Brien

Jim O'Brien

The next year could present people with the best opportunity to buy property for some time, said Philip Farrell, CEO of Real Estate Alliance, at the agency's annual general meeting recently.

Mr Farrell said there was certainly greater buoyancy in the property market and more confidence than had been seen in a number of years.

More stable house prices should also improve bank lending, he said.

"For the banks, this is probably the first time they can, with confidence, mark the value of the collateral they hold," Mr Farrell said.

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