Economists predict fall-off in increases
The country’s leading economists are forecasting a dramatic fall-of f in house price increases next year.
One economist is predicting that prices for upmarket secondhand homes could fall by 5 to 10 per cent this winter.
AIB chief economist John Beggs said property prices would rise by 12 per cent in 2006,but house price increases will fall to less than 5 per cent in 2007. ‘‘In the new market, prices will increase by 5 to 7 per cent next year, but in the secondhand market, prices will only rise by zero to 5...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine