Property prices rise by 6pc as prospect of rate cuts fuels demand for houses
The possibility that interest rates have peaked and are set to fall has been cited as one reason for the pace of property price rises
Dublin has become a considerably less attractive place for real estate investment, according to a new study.
The Irish capital has been ranked in 12th position out of 31 European cities in terms of prospects, down from 3rd place a year ago.
Joanne Kelly, real estate leader at PwC Ireland, which together with the Urban Land Institute compiled the figures, said there had been a softening of sentiment in the Dublin market primarily due transport infrastructure problems. In addition, the housing crisis, and the potential negative impact of a disorderly Brexit, were cited as factors making the city less attractive to investors.
Read the full details in the Irish Times
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The possibility that interest rates have peaked and are set to fall has been cited as one reason for the pace of property price rises
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