The Society of Chartered Surveyors Ireland (SCSI) found that two-thirds of 250 chartered agents surveyed in December expect property prices to increase this year, ranging from a 3% advance in Dublin to 6% growth across Connacht and Ulster.
Experts had estimated that property values would decline by as much as 12% in 2020 because of the pandemic.
However, the market has defied expectations, as
ongoing supply shortages were compounded as construction came to a standstill
during the spring lockdown.
“2020 was dominated by Covid-19 and this led to a stop, start,
surge property market …Given the recent introduction of new restrictions,
it’s very possible we could see a repeat of that stop, start, surge pattern in
2021,” said TJ Cronin, vice-president of the SCSI.
Read full article: IrishTimes.com
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