Oliver Mangan: Increase in housing supply may not dent property prices

While demand has been bolstered by improvements in the help-to-buy scheme, remote working and an increase in household savings, the market is still well short of meeting that demand

House prices will likely rise further despite increases in supply. File picture. 

Despite a very severe recession hitting the Irish economy in 2020, the residential property market has held up remarkably well this year.

The impact of the Covid-19 crisis on the market did not turn out to be as severe as had been feared back in the early months of the pandemic.