Connaught/Ulster
The report expects Connaught prices to increase by 5% in 2019, down from 8% as reported in 2018.
Among the key findings in Connaught and Ulster:
- Owners of 3 bed semi-detached houses in Connaught and Ulster are likely to see the highest price growth this year, with estate agents predicting a price increase in value by 6%.
- Within the region, 47% of agents expect to market new homes in 2019, compared to just 23% in 2018.
- Over 80% of SCSI agents in Connaught and Ulster indicated that vendor expectations increased in 2018.
- The SCSI report highlighted that the aging population growth is leading to a changing profile of buyers and the need for smaller but a more age-friendly housing supply.
- The report reveals 90% of SCSI agents expect prices to rise in 2019, none of whom are expecting prices to fall, marking an increase on expectations last year.
Munster
National residential property predicted to increase by 4% in 2019, with Munster up 5% in 2019
Among the key findings in Munster:
- The report expects Munster house prices to increase by 5% in 2019, down from 7% as reported in 2018 – which aligns neatly with the official CSO statistics which recorded 7% house price inflation year -to- date at November 2018.
- Apartments are likely to see the highest price growth this year (5%) with estate agents (62%) predicting an increase in market activity in Munster in comparison to the national average figure of 45%.
Rest of Leinster
Leinster housing supply impacting inflation as predicted, residential price increases set to slow
Among the key findings in Leinster:
Residential prices in Leinster also predicted to increase by 4% in 2019, down from previous predictions 12 months ago of 8%
Average rents in Leinster expected to increase by 6%
72% of agents reported that one of the top three market concerns is that Landlords are exiting the rental market
The level of housing starts has grown by almost 250% in the past three years in the greater Leinster region