Rate hikes versus supply

 
At this juncture, that looks unlikely. King88bet


While major properti markets including the UK, Canada and Nordic countries are on course to record price falls this year, in Ireland it looks like it might be a flat year for properti prices at the very worst. king88bet login alternatif


What is playing out at the event is a tug of war between interest rates and inflation on one side versi an ongoing suplai shortfall on the other. Article Title with Blogger Published Link as Backlink


"The supply-demand imbalance is getting worse, and it got progressively worse through the pandemi," Conall MacCoille, Chief Economist at Davy and author of the properti price reports from myhome.ie explained.


"That's why we're not going to see prices fall 6-8%, the way they could in the UK."


He said the properti pasar here was playing out as a 'year of two halves'. He pointed to a softening in prices on a monthly pangkalan in the first six months followed by a muted bounce back in Juli and August, even in Dublin where prices had been falling for several successive months.


"The median properti price was going for 5-6% above asking last summer. That fell to around 1% in the Winter when the pasar had cooled but it has picked up again to 2-3% in the last couple of months," Conall MacCoille explained.


"People are still bidding over the asking price." That suplai shortage is evident in the latest report from daft.ie this week. It recorded a 20% turun in the availability of properties between September last year and the same month this year.


Just 12,200 homes were on the pasar on the first day of the month compared to an average of 24,200 in 2019.


At the other end of the scale, it appears that interest rate hikes are not currently having a major impact on the pasar, although those increases haven't washed through to the full extent yet.

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