A Sunday Times Survey shows the rate of increase will vary across the country, averaging at 8 percent.
The CSO median house price in Waterford as it stands is €152 thousand euro. As well as house prices being predicted to rise by up to ten per cent, other details in the report that are properties such as a second-hand two-bed apartment and a new 3-bed semi in a town has jumped by roughly €30,000 since 2015. An increase of €55,000 can be seen, meanwhile, in a three-bed bungalow located 1.5km outside a town.
However the paper’s Linda Daly, who compiled the report, says there are some developments that could dampen estate agents’ expectations:
“[People] still remember the mistakes of the bust, so when they do give their increases it comes with many provisos, that if the interest rate hikes, if Brexit causes too much havoc and also a General Election could end up stalling the market throughout the year.”