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January 13th 2016 – House prices predicted to rise by up to 5% in 2016

Posted by mario on January 13, 2016
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Irish Times – January 11th 2016
The report myhome.ie in association with stockbroker Davy, predicts a single-digit gain in prices for the next 12 months, although the report highlights a significant difference in prices between Dublin and the rest of the country. What does this realistically mean for someone considering selling a property in 2016?
The market is complex and with all things regarding property location is key, as are the fundamental economic principles of supply and demand. From the buyers perspective the Central Bank’s mortgage lending rules have played as significant role in slowing the pace of house-price inflation in 2015. On the positive side, with incomes growth driven upwards by wage increases, tax cuts and a higher minimum wage, people are in a better position to purchase a home. However the marked lack of supply in many urban areas has pushed the median asking price for a three-bed semi in Dublin to six times the average income of €45,600 in comparison to three to four times in many other areas.

Do you have a property that you are considering selling in 2016? Do you need prudent advice on how best to present it before going to market? Contact us today for a free evaluation and expert guidance on how to prepare your property for sale.

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