Davy says case for public intervention in Irish mortgage market is persuasive; At least 40,000 new completed unsold units
Sep 15th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Davy Stockbrokers' economist Rossa White, says today that case for public intervention in Irish mortgage market is persuasive and the Government should temporarily expand its balance sheet to increase the supply of credit. This could be accomplished by greatly expanding the provision of credit through local authorities, while increasing the income limits to capture a much larger share of the first-time buyer market. Davy says there are at least 40,000 new completed unsold units.