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House prices in parts of Dublin to fall 5% - but rises due in rural areas

House prices in parts of Dublin will fall by as much as 5% in 2016 in what will be the most lacklustre year for property in the capital since the recovery began - but will rise up to 11% in other areas of Ireland, according to a nationwide survey of estate agents' expectations for this year.

The survey showed that double-digit rises are predicted in rural counties including Leitrim (11%), Monaghan (10%), Roscommon (10%), Cavan (10%) and Donegal (10%).

The strongest predictions for price rises are mostly apparent in those areas that have been slowest to recover from the crash. Significant rises of more than half a per cent per month are expected in Kerry (9%), Kilkenny (9%), Clare (7%), Cork County (7%) and Louth (6.5%).

On average, agents are predicting an increase of 5.6% nationwide. But Dublin house prices will fall by as much as 5% in some parts of the city - overall, estate agents expect prices in the capital to rise by just 0.3% on average in 2016.

The Real Estate Alliance (REA) network asserts that south county prices are expected to fall by 3.5% in 2016. By contrast, agents predict that prices in Dublin city centre and the north of the county will rise by around 1.5%.

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