Take a gamble on house price boom

PEOPLE who cannot afford to buy a new house still have an opportunity to gamble on the current house price boom.

While equities are far riskier that bricks and mortar they do provide a way for a small to large investment in the buoyant housing market with an easy short term exit, just 2% stamp duty and no legal or engineers fees.

Estate agents Sherry FitzGerald are expected to be major beneficiaries of the remarkably strength of the housing market, according to Goodbody Stockbrokers Peter Horgan. Yesterday he rated Sherry Fitz a ‘buy’ with a price target of €1.40, offering hope of a 16.6% upside on the stock.