A proposed state 'bailout' for Irish developers is to be opposed by a leading mortgage broker at the Dáil tomorrow.

The government reconvened today following an 11-week summer break, and the ailing property market looks set to dominate discussions.

Previous government refusal to hold a special debate on the state of the economy prompted Fine Gael to withdraw pairing arrangements for ministers when they attend official meetings.

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In the face of its active role during the housing market boom, the Irish Mortgage Brokers has voiced protest at bailouts for the main beneficiaries of the growth.

Karl Deeter, Operations Manager at Irish Mortgage Brokers, said: "If the market is allowed to correct itself people can buy cheaper houses, until that happens we are all caught in this stagnant situation,

"I think people are better served with a smaller loan than with a bank and state sponsored loan, all that does is take tax money and send it right to developers," he added.

A lot of the capital stimulated during the Celtic Tiger emergence was invested in commercial property outside the Republic.

There is also very little public information available on the key area of development land sales and purchases.

(PR/JM)