Property prices will grow marginally in Dublin this year while rents are unlikely to rise beyond 4 per cent, the boss of one of the capital’s largest estate agents has said.
Lisney chief executive Duncan Lyster told The Irish Times he expects residential property price growth to be “slightly positive” while rent prices are unlikely to exceed the rent pressure zone cap set by Government. He added that rents had hit a price ceiling.
Mr Lyster was speaking after estate agent Lisney outlined its outlook for the coming year. Lisney flagged that uncertainty stemming from potential global shocks could trouble the Republic’s market after seven positive years.
“At a macro level, the political stage is set for much change domestically, in the UK and the US. Each of these will have an influence on how property will perform in 2020 and beyond,” Mr Lyster said.
In residential, increased enquiries from
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