Student accommodation and social housing are booming, but what's the prognosis for the wider market? 

Auctioneer Pat Falvey says developers will need help to build for market housing

Pat Falvey, Director at Lisney Sotheby's International Realty, Cork

THE past year has seen several significant external forces threaten the Irish and international property markets. A complex combination of global geopolitical and macroeconomic factors, stimulated by the war in Ukraine has seen rapid inflation coupled with a worrying rise in the cost of energy and utility costs. The advent of interest rate hikes for the first time since 2011 has further rocked consumer confidence, in a mid-year barrage of negativity.

Aerial view of Cork City