First-timer’s home help

Mortgage relief of 25% is a welcome boon for the young and for Irish property market, writes Trish Dromey

THE end of the tunnel may not yet be in sight for the Irish property market, but the offer of 25% mortgage relief to first-time buyers (FTBs) next year has shed a little light in a gloomy place.

Designed to stimulate the market, and increase first-time buyer activity, the mortgage relief measure has been welcomed. Commentators say the budget didn’t free up credit from the banks, which is what is most needed to stimulate the housing market.