Three-bed semi prices to rise 9.4%, say surveyors

The price of a three-bed semi will rise by 9.4% nationally this year, helped by the Government’s ‘help to buy’ scheme and looser Central Bank lending rules, say the country’s chartered surveyors.

They also expect rents to rise by 8-10% outside the agreed rent control areas of the three Dublin city local authorities and Cork city. Annual rent increases are capped at 4% in these designated zones.

The Society of Chartered Surveyors of Ireland (SCSI) described the introduction of such controls “as the most negative measure for rental supply” in its annual Residential Property Review and Outlook Report 2017.