Access our latest residential property market report featuring a mid-year review of 2024 with key trends, affordability metrics and outlook.
Key Findings from the report include:
- Estate agents expect national property prices to increase by an average of 4.5% over the next 12 months
- Three out of four agents report low stock levels – almost half say the lack of supply is the main driver of price inflation
- Over 80% of agents describe current residential property prices as expensive or very expensive
- 77% believe prices are increasing but will level off soon
- While agents say the number of buy-to-let properties coming to the market is continuing to increase, the rate of increase has declined significantly
- The report includes affordability scenarios for Cork, Galway and three Leinster commuter belt counties
- A couple on a combined income of €107K who want to buy a new 3 bed semi and have the 10% deposit will afford to buy in only one of these locations
- In the two most expensive counties, Wicklow and Kildare, couples will still face shortfalls of €78,000 and €65,000 respectively
- SCSI says widening affordability gap a ‘real concern’