Most consumers expect house prices to rise until 2024.
According to a new survey from KBC Bank, they also expect inflation will continue to rise.
While prices have increased by just under 3% per year since 2018, half of those surveyed expect this will increase to more than 4%.
Here in Cork house buyers are paying an average of 7% more for a new home than they would have a year ago.
In Munster all 10 of the most expensive areas are in Cork with buyers paying the most in Kinsale, Crookstown, Ballincollig and Carrignavar.
KBC chief economist is Austin Hughes, he says very few consumers believe prices are going down.
"While most of the focus on the property market is understandably on supply, in the past what has driven big changes in the temperature in prices have been changes in demand.
"In general, 70% of consumers think prices are going up, while only 12% of consumers think that prices are going down."
