According to the property price survey, carried out by myhome.ie , property prices are set to rise by up to 5% in 2016.
According to the experts in Davys Stockbrokers, who assisted in preparing the recent report; they have predicted the growth is due and owing to rises in incomes and the ongoing economic recovery.
Notwithstanding the predicted growth, the same difficulties remain with regards first time buyers and accessing, that all important first mortgage finance, which indirectly has contributed to the rise in property prices.
The news is welcomed for people looking to put their property on the market, however it continues to create hurdles for first time buyers.
It will be interesting to see what measures the soon to be newly elected government, plan to put in place, to navigate these barriers to entry for first time buyers.
Should you have any queries, relating to mortgage applications, or indeed putting your property on the market, we have extensive knowledge and understanding of the conveyancing process and dealing with mortgage providers and we can assist you with preparing yourself for any of these transactions.
Feel free to contact us for a non-committal discussion, regarding any of the issues discussed above.