Possible cooling effect on house price inflation, says Sherry FitzGerald
Sherry FitzGerald, Ireland’s biggest estate agency, anticipates that “moderating forces” will take effect mid 2022, as house price inflation tapers. This is as increased supply and a probable interest rate hike “cool the market.” In the view of Eoin Lynch, the company’s chief economist, it is likely that the European Central Bank will start to hike interest rates later this year, which will increase borrowing costs, dampening demand in the process. Also,…