A relatively robust property market which does not appear

Housing

The latest CSO Property Price Index has been released.

Trevor Grant, Chair of the Association of Irish Mortgage Advisors commented “The latest property price index has revealed a relatively robust property market which does not appear, at this time, to be heading for the big drop that some predicted. There continues to be a significant shortage of homes in Ireland and there is no sign of this abating. 

There is still a cohort of potential homeowners that have remained fully employed throughout Covid, who are actively looking for a home and who are successfully applying for and securing mortgages.

A significant number of first time buyers, particularly in Dublin, traditionally come from those business sectors – digital, IT, financial and public sector – that have proved resilient during Covid-19 and the prospect of buying a new home is still as real for them as it ever was.

The volume of applications received from first time buyers and movers by our members, particularly over the past 3 months, has demonstrated a strong level of demand.  As reflected in recent industry figures, there is an increased demand for market-based mortgage advice from mortgage seekers.”

Sarah

Sarah

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn
Item added to cart.
0 items - 0.00
READ LATEST EDITION