Mortgage holders seek to lock in before summer rate rise

Despite the threat of interest rate hikes starting next month, house prices are expected to continue rising as employment and market confidence remain strong

Scarcity of supply, affordability of a move and an impending rise in interest rates are some of the main issues in the residential market now

Current economic conditions and the scarcity of supply in the residential sector have led to an increase in buyers locking into fixed-rate mortgages to hedge against the rising cost of living while lending costs remain favourable.

That’s according to JLL’s bi-annual Dublin Residential Forecast Report for H2 2022, which launched last week. To compile the data, JLL has developed a complex forecasting model that draws on 15 economic and residential market indicators to generate a ...