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.”