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Estate agent group says increases in house prices will slow in 2023

RedFM News
RedFM News

12:29 26 Sep 2022


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A group representing estate agents says rising interest rates will continue to slow house price increases down into next year.

The Institute of Professional Auctioneers and Valuers, says European Central Bank interest rate hikes will limit the amount of people who can draw down a new mortgage.

The latest report from Daft.ie, shows prices stabilised in the second three months of the year, to a national increase of point-one-percent.

CEO of IPAV, Pat Davitt, says househunters could also face less competition from other bidders.


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