Property prices will likely continue to rise in the absence of a significant increase in supply, with a new survey pointing to as many as 300,000 potential home buyers emerging over the next two years.
According to the latest KBC Homebuyer survey, more than one in four Irish consumers is now considering a property purchase, with almost half of these already “active”, a survey of some 2,000 Irish consumers has found.
Moreover, with some 70,000 homeowners now “ready and able to finance house purchase”, the survey suggests potential demand could grow to about 300,000 home sales over the next two years. However, supply isn’t growing at such a rate to match demand; in 2016 for example, fewer than 48,000 properties were sold in the whole year
Read the full details in the Irish Times
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