Munster house prices expected to increase by 5% this year

Increase in home working and lack of overall housing supply driving up prices

Housing supply may not fully meet demand levels until 2031.

Munster house prices are expected to rise by 5% this year, with Cork, alone, seeing a similar increase.

Estate agents surveyed by the Society of Chartered Surveyors Ireland (SCSI) expect nationwide residential property prices to rise by an average of 4% in 2021.