With the new year now a week old and a raft of predictions and data on house prices, what can we expect in the residential market this year?
For those looking to get on the property ladder, there are some positive signals.
Property website Daft recorded house prices falling last year for the first time since 2012. The Daft report showed that the cost of the average housing unit at the end of December was €250,766, down 1.2 per cent on the start of the year.
There was a similar theme in a report by property website MyHome.ie, which is owned by The Irish Times.
Its report for the fourth quarter of 2019, compiled with stockbroker Davy, showed that the average selling price for a house in the Republic rose 0.72 per cent to €267,000 over the same period of a year earlier. That figure was down 0.45 per cent
Continue reading this atricle at https://www.irishtimes.com/business/economy/another-year-of-dysfunction-ahead-for-ireland-s-property-market-1.4133293