'Alarming' surge of house  prices by up to 10% caused by pent-up demand

Incoming president of property body SCSI says chronic shortage isn't sustainable 

TJ Cronin, incoming president of property body the SCSI, says the three areas which need to be addressed are access to zoned and serviced development land, the supply of affordable and viable housing stock, and the availability of competitively priced mortgages for buyers and finance for builders.

MANY house sales in the Cork residential market have gone for 10% or more over their guide prices in the past year, via both 'virtual viewings' and in-person visits,  despite the impact of Covid-19, due to pent-up demand, and shortage of supply.

That's according to TJ Cronin, incoming president of property body SCSI, who expressed alarm at the level of approved bidders going head-to-head with one another to secure scarce housing stock, and driving up prices.