Estate agents forecast Irish house prices will rise 6% this year
A year ago, 40% of agents identified the lack of supply as the main issue affecting price movements, now that number is around 60%.
Estate agents are forecasting a 6% rise in residential property prices this year, up from a 4.5% forecast last summer.
The Society of Chartered Surveyors Ireland (SCSI) published its annual review and outlook today, which saw three out of four agents reporting low stock levels and 60% saying that the lack of supply is the main driver of price inflation.
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