The Central Bank's controversial plan to set mandatory deposits of 20% for home buyers has been backed by the European Commission.
Troika officials were in Ireland today assessing progress after the EU-IMF bailout.
The Central Bank has come under pressure over its plans to raise the size of deposits required to buy a home.
However, its proposals have been backed by the European Commission, which believes the regulations would prevent a further property bubble.
Commission sources say they are happy with improved economic growth, lower unemployment, and falling mortgage arrears.
However, they have sounded a note of caution over the Government's flat charges for water.
The European Commission will assess the new charging structure and publish a report in January.
Since the conclusion of the bailout, however, the Troika does not have the enforcement powers it once did.
Taoiseach Enda Kenny has said he is not concerned at the commission's view in relation to this.
He said he was very happy that Ireland would measure up in the way that the scheme had been designed.
The Director of Consumer Protection at the Central Bank Bernard Sheridan, said the bank would be considering all responses to the plans.
He said the Troika's views would be an important part of the consultation process but stressed that its views are just one response that the bank will be considering.
MEP Brian Hayes has said he fundamentally disagrees with the Central Bank's proposals for a mandatory 20% deposit for home buyers.
Speaking on RTÉ's Today with Sean O'Rourke, Mr Hayes said that while it is important that lessons be learned from what he called the "madness years", he said "going from one extreme to another did not make sense".
He said it might be appropriate to apply the 20% requirement to buyers who were investing or trading up, but not to first-time buyers.
"There is a fundamental bias against first-time buyers because they're priced out of the market. They're up against cash buyers."
He added: "We don't have a supply of housing in Dublin because we haven't been building houses, so this kind of one size fits all approach, I think, is problematic.
"That's why, I think, we need to take a sensible view of this, notwithstanding the need to retrofit the system so that there is prudence there."
