House prices expected to rise by 5% over the coming 12 months

Survey found 92% of estate agents describe current residential property prices as expensive or very expensive — up from 84% six months ago

Majority of estate agents describe current residential property prices as expensive or very expensive. 

House prices are expected to increase by on average 5% over the next 12 months, according to the Society of Chartered Surveyors Ireland, as the availability of housing “continues to fall short of requirements across many regions”.

The SCSI conducted a survey of its members, which found estate agents expect national property prices to increase by an average of 5% over the next 12 months, a slight increase on the 4% forecast six months ago.