Majority of surveyors believe that home prices have peaked

Members of the Society of Chartered Surveyors Ireland expect residential property prices to increase by an average of 1% this year. 

A majority of chartered surveyors believe that residential property prices have either peaked or will level off soon, but that housing supply remains a persistent issue, a new report has found.

In its Residential Property Review and Outlook for 2024, the Society of Chartered Surveyors Ireland (SCSI) have said that its members expect residential property prices to increase by an average of 1% over the course of this year.