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23 Dec

Latest CSO Figures realised (23rd December, 2013)

Gerard O’Toole- Director of Tuohy O’Toole commented that the latest CSO figures seem to underline the growing sentiment within the market place, that the bottom of the market has been reached. Whilst I see no evidence locally to suggest that property price are now 5.6% higher than this time last year we are certainly experiencing higher volumes of enquiries, viewings and sales being completed. Indeed there has been competitive bidding for a number of properties which has not been a factor of the market for a number of years. I think we can say with growing confidence, that the property market should continue to grow in 2014 particularly in Dublin where there is an obvious shortage of supply which may lead to double digit price growth again next year. The regional markets supply is not an issue but access to finance is and we cannot expect to see a robust long term recovery of the market until banking confidence is restored to the point that Irish Banks can and will lend on mortgages and business loans which collectively will help to underpin our property and economic recovery”.

 

http://www.rte.ie/news/business/2013/1223/494487-property-prices/ 

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