S&P: Irish house prices to fall next year and then rise strongly after Covid-19 crisis

Prices set to be among fastest rising in Europe

Irish house prices could fall next year as Covid-19 supports for the economy come to an end but could then be among the fastest rising in Europe in the following two years as demand for housing continues to outstrip supply, according to a report by S&P Global Ratings. 

Prices here will fall by 1.6% this year and by 1.1% in 2021 and then rise sharply by 4.6% and 4.2% in 2022 and 2023, S&P forecast in its pan-European outlook on house prices.