The Central Bank and the Society of Chartered Surveyors of Ireland said that prices are now expected to rise by 5% by the end of September 2016.
The survey was conducted in the weeks from late September to the middle of October.
It asked two questions of people involved in residential property: What their expectations were of future price increases and how they assessed how busy they were by the number of transactions compared with those in the previous quarter.
Participants now expect prices to rise by 5% over the next 12 months.
That’s down from the 8% increase they previously forecast.
They also forecast prices will rise by only 1% over the final three months of this year, down from the increase of 4% previously anticipated, and increase by only 10%, down from an increase of 15% they previously forecast over the next three years.
Read the full details in the Irish Examiner.
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