Finally, some good news about the property market! After almost six relentless years of negative media coverage about the property market finally some good news (I was right, be positive for long enough and it will eventually happen) I remember the day well in September 2006 when Michael Mc Dowell, Minister for Justice, said that the country and government was "awash with money" from stamp duty levies and "that it would need to be looked at". It was like turning off a switch and things went from bad to worse since, with declines of 60% on property prices being reported. Looks like there is light at the end of the tunnel after all and before anyone says it, no it is not a train!.
On Tuesday of this week, Ulster Bank announced it was actively considering taking over tracker mortgages with some of the existing banks, suddenly yesterday AIB, Bank of Ireland and PTSB announced the same thing. Competition, eventually. Watch this space folks and mark my words - light shoots of bulbs are coming and not just because its Spring.