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House rentals
News Property
Rentals above pre-pandemic levels – report
Rentals in Ireland rose by 11.2% in the year to May 2022, still well above pre-pandemic levels. However, double-digit inflation and sharp price gains are set to give way to greater concerns on affordability, the economic outlook and the impact of the ECB raising interest rates, according to Conall MacCoille, Chief Economist at Davy. And based on anecdotal evidence from estate agents, he expects price inflation to slow in the…
demand for property
News Property
Sky-rocketing demand for property could cool
Cost-of-living concerns and rising interest rates are set to cool the sky-rocketing demand for property, leading to a year of two halves for the market, according to the latest quarterly house price report from MyHome.ie. The Q2 2022 report, in association with Davy, found that annual asking price inflation slowed to 10.9% nationwide, and was 7.9% in Dublin and 12.7% elsewhere around the country. Meanwhile, the report found quarterly asking…