Fionnuala Earley
Fionnuala Earley
agents agreement buyer buyers estate increasing interest price reaching reporting
Estate agents are reporting increasing buyer interest and that buyers and sellers are reaching agreement on price more readily,
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Estate agents have consistently reported increased buyer interest over the last few months, which should help to support the market going forward,
attracts continuing correction house inflation likely lower predicted prices rapid rather seeing smooth thus
Rather than seeing a rapid and significant correction in house prices as predicted by some, we are more likely to see a continuing smooth slowdown as lower price inflation attracts more demand, and thus liquidity, into the market.
housing increase market price seen since start strong trend
The housing market got off to a strong start in 2006. This is a significant increase in price and confirms the strengthening trend we have seen since October.
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Our expectation is that house price growth will remain firmly in low single digits in 2006 as the economy recovers.
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Affordability and overall debt levels will still have to adjust to more comfortable levels before we can expect any widespread increase in demand and thus prices,