House prices to fall 5% by middle of 2021, report says

Goodbody predicts that housing completions will reach 20,000 this year, more than forecast at the start of the Covid-19 pandemic

5th November, 2020
House prices to fall 5% by middle of 2021, report says
Sales of new homes are down 21 per cent in the year so far. Picture: Getty

House prices are expected to fall by 5 per cent by the middle of next year, according to the Goodbody Analytics BER Housebuilding Tracker – halving its previous forecast.

Goodbody, which uses Building Energy Regulation (BER) ratings data to compile its figures, said rents are also projected to decline further.

“Mortgage lending is making some recovery, but we still expect new lending to fall 20 per cent in 2020, before growing by 9 per cent next...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Top Labour MP heaps more pressure on Ballymore over cladding costs

Sisk to pause introduction of alcohol and drug testing for union staff

Waterford Quays deal scuppered by lack of funds

Against the grain: how crop prices are gaming the property market

Construction Lorcan Allen 2 months ago