Review of the year

It was the year the market finally picked itself up off the floor — hopefully.

Six years into the downturn, the year 2012 may well go down as the property market’s turning point, though more likely the pivot will be a wider one, possibly the two-year span 2012/2013 before stability really returns — though who fears to speak well of any year ending in the number ’13?

Among the slew of negatives, and debt mountains, some positives began to finally emerge as the country and economy battles back. Though it played a huge part in the problems which caused the home-grown end of the economic crash, the restoration of a functioning property market is essential for everyone — the Government, and its coffers, its agent NAMA, and home owners and sellers, for mobility and for greasing the wheels of the economy.