Almost two-thirds of people expect house prices to rise in the next 12 months, but one in five expect prices to stay the same and 15 per cent think they will fall, a survey by MyHome.ie found. Among those who believe house prices will increase further, the largest cohort (some 42 per cent of all respondents) believe they will do so by up to 5 per cent, according to the survey of 1,700 people. Only 18 per cent think prices will rise by 5-10 per cent, with just 4 per cent expecting a surge of more than 10 per cent. According to the property website’s survey, some 31 per cent of first-time buyers were aged 25-30, while 29 per cent were aged 31-35 and a further 16 per cent were aged 36-40. The rising age profile of the group has been a recurring feature of surveys in recent years, Ms Keegan noted.

Source: The Irish Times October 30, 2018 04:41 UTC