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House price growth to slow to 3pc nationally as rates rise and cost-of-living pressures hit purchasing power

The property market is set for a slowdown in price rises in 2023 as mortgage interest rate rises and cost-of-living increases affect buying ability, according to a nationwide survey of estate agents.

The survey carried out for the Irish Independent by the Real Estate Alliance (REA) group has found that agents throughout the country expect prices to rise by just under 3pc on average in the next 12 months.

In Dublin city, which is experiencing small pric e drops in certain areas, agents anticipate modest increases of 3.6pc across the year.

Read the full details in the Irish Independent

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