Builders' loan plan to lure buyers

RTE reports that builders are offering interest free loans to lure buyers. They must be getting desperate.

A simpler way to lure buyers would be to drop the over-inflated prices. The advantage of these loan offers is that it gets buyers in at the current property price now, rather than at a lower price later.

I think anyone who falls for this latest ploy by builders is crazy.

That is unless the Government try to prop up the property market in the forthcoming budget. Depending on the measures introduced, it may have the effect of stalling property price declines. I feel though that any effort to interfere in the market will only have a short-term effect, and more like prices will continue to fall.