Property prices could rise by 5% when lockdown ends, estate agent predicts

Estate agent DNG predicts property prices in Dublin could rise by as much as 5 per cent when the current lockdown restrictions are eased.

In the first two weeks of January, DNG chief executive Keith Lowe said his agency registered more than triple the number of new potential buyers than it did in the same period last year.

He also noted that the number of viewing appointments conducted between January 3rd and 12th was 10 per cent ahead of the same period last year.

Viewings of for-sale properties were halted on January 13th as part of wider restrictions to halt the spread of Covid-19.

In its outlook for 2021, DNG said the longer the current restrictions remain in place, the greater the upward pressure on prices will be when they are eased and normal market activity resumes.

This was “ due to the lack of available stock in the market and high levels of demand, particularly from first-time buyers”.

Source link

Add a Comment