One in five buyers believes they can borrow more than Central Bank limit

Nationally, the number of residential and commercial property transactions will hit 50,000 over the next 12 months.

The findings are from a major study of property buyers commissioned by Allsop Space auctioneers.

The research, based on a survey of buyers, suggests the number of property deals in the coming year will be almost double the 26,500 recorded in 2013.

Allsop Space is best known for its regular public auctions of property. Started during the worst period of the crisis, they have been credited with finding a floor for prices.

Research by economist Jim Power for the company found that almost half of all (43.8pc) prospective buyers who attend an Allsop auction now intend to borrow to fund their purchase.

A majority of those surveyed intend to buy over the coming year.

Read the full story in the Irish Independent

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