Lack of transparency sowing mistrust in property agents, report finds 

A recent survey by the Competition and Consumer Protection Commission found that just 16% of buyers feel the housing market is transparent, and that homebuyers are at risk of inadequate information during the pre-sale-agreed period and conveyancing stage. Picture: Colin Keegan/Collins 

A lack of transparency in the home-buying process is leaving house hunters suspicious of estate agents and often paying more than 20% over the original asking price. 

A new report, which analyses the process of buying a home in Ireland, has found that buyers often feel they are competing against illegitimate bidders, driving up the final price.