CIF officials led by director general Tom Parlon today met with Finance Minister Brian Lenihan to offer pre-Budget proposals to return confidence to the housing market, a key factor in economic growth in the past decade.

"Houses have become expensive, we have an international credit crunch and we have a major liquidity problem," Mr Parlon told RTE.

CIF urged the Government to take an equity share in first-time buyers’ homes to boost affordability.
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