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Chartered Surveyors Expect House Prices To Rise By 4% This Year

Chartered Surveyors Ireland is expecting house prices to rise by an average of 4% this year. That's...
Niall Colbert
Niall Colbert

12:39 PM - 18 Jan 2021



Chartered Surveyors Expect Hou...

News

Chartered Surveyors Expect House Prices To Rise By 4% This Year

Niall Colbert
Niall Colbert

12:39 PM - 18 Jan 2021



Chartered Surveyors Ireland is expecting house prices to rise by an average of 4% this year.

That's according to its annual report which shows the price increases range from 3% in Dublin to 6% in Connacht Ulster.

The cost of a home in Leinster is predicted to rise by 4%, while prices in Munster are set to jump by 5%.

62% of the chartered agents and auctioneers who think prices will rise feel the lack of supply of new and second-hand homes will lead to the increases.

Chartered Surveyors Ireland says housing supply and demand equilibrium may not be achieved until 2031.

It's made this projection as the construction sector is not projected to return to 2019 levels of new completions until 2024 according to an Ernst & Young Report.



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