The medium-term trend for house prices is not up, it’s down, and we should be wary of estate agents telling us otherwise. We had our fill of self-serving, industry-based reports back in the 2000s and look where that got us. When Covid hit back in March last year, it seemed like the bottom had fallen out of the property market. Estate agents prepared for an annus horribilis. But the market proved more resilient than anyone expected.

Source: The Irish Times February 10, 2021 05:37 UTC