Advertisement report shows potential...

News report shows potential slow down in rising house prices

RedFM News
RedFM News

11:48 27 Jun 2022

Share this article

As the number of homes available to buy increases and demand starts to soften, there could be a slow down in rising house prices this year.

That's according to the author of a new report, which showed a 9.5% increase over the last year in the average listed price nationwide.

One reason for the increase in stock is landlords exiting the rental market.

Spokesperson for the Real Estate Alliance, Barry McDonald, says up to 30% of houses for sale in some parts of Dublin are due to landlords selling off properties;

"Currently we're seeing a clear increase in private landlords signing up, and this has led to supply levels improving slightly in some parts of the country. However, despite this supply still does remain tight and strong demand is continuing to push prices upwards with an increase of 2.9% on house prices nationally over the last three months."

Share this article

Read more about

Cork Daft Housing Landlords News Price RedFM

You might like