Housebuyers seeking fixed-rate mortgages due to fears over interest rate hikes 

Just 11% of those surveyed were satisfied with the housing measures introduced by the Government in the recent budget.

The vast majority of hopeful Irish house buyers are now seeking fixed-rate mortgages as fears over both interest rate hikes and the cost of living crisis continue to spook the housing market.

Some 75% of prospective buyers will now seek such a mortgage, which generally trades a higher rate for security from interest rate shocks, while over half, 58%, of buyers are now looking for a mortgage term of longer than five years, according to the latest MyHome.ie property market survey.