Inflation in housing prices is expected to slow down

  • Inflation in housing prices is expected to slow down
    Independent.t. E.
    Real estate price inflation “dramatically slows down” across the country over the next three years. Expected inflation of housing prices at the national level now 5pcs for the coming year, from 8pc since the third quarter of 2017.
    https://www.independent.ie/business/personal-finance/property-mortgages/house-price-inflation-is-expected-to-slow-37229361.html
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Real estate price inflation “dramatically slows down” across the country over the next three years. Expected inflation of housing prices at the national level now 5pcs for the coming year, from 8pc since the third quarter of 2017.

Over the next three years, real estate prices, inflation is expected to reach the national 8pcs, down from a previous forecast 14pc hole saw according to the recent survey of property prices from the Central Bank and the society of chartered surveyors Ireland (SCSI).

The availability of Bank loans is a major factor in expected changes in prices, the review said.

Dublin, in particular, will be affected with professionals of the real estate market price forecasting inflation at 2pc in the coming year, compared with a previous forecast of 7pcs.

Price growth in Dublin is expected to drop up to 6pcs 15pcs from over the next three years.

“While it is clear that the housing crisis will continue for some time, the results are a positive indication we are making progress in returning to a more normal functioning market conditions,” John O’sullivan, SCSI drives, said.

“Double-digit price increases is not sustainable in the long term. Return to a moderate, low single-digit growth is welcome, especially for first-time buyers.”

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