Most expect house prices will rise, survey shows

A new survey shows 76% of people expect house prices to increase over the coming year.

According to a new property consumer sentiment survey, by MyHome.ie, one in four respondents said they planned to purchase a property in the next 12 months.

However, it also shows three out of 10 people surveyed said they don't have the funds required to pay a deposit.

The managing director of MyHome.ie, Angela Keegan, said that although consumer confidence is rising - the Central Bank's new lending rules are having a major impact on the market.

"One of the main findings is that one in four people that we surveyed hope to buy a property in the next 12 months, while three out of four people expect prices to rise over the next year," she said.

"Then when it comes to those people not buying or not able to buy in the next number of months, the Central Bank lending rules come out as a strong consideration for holding off their purchase."