23 June 2025
House Prices – Increases for the Year Could Be Well Ahead of Last Year – IPAV
Commenting on the Daft.ie House Price Report for Q2 2025 IPAV, the Institute of Professional Auctioneers & Valuers, said given asking prices in the report, 12.3% on an annual basis, if the full year figures were to come in at around 12% for the year, this would be over 2% ahead of last year.
Pat Davitt, IPAV’s Chief Executive said agents are reporting high prices right across the country, not only in the cities. “More second-hand stock seems to be coming to the market, especially in Dublin Cork and Galway, even if it’s not showing in these figures as yet,” he said.
“But the real problem is the lack of new homes, and it’s prevalent in all areas of the country.
“In this regard we cannot see how this is going to change without some kind of emergency planning measures,” he said.
And he said more land needs to be zoned, and it’s essential to get smaller builders who have largely been absent from the market for years, back to building again.
“Building finance is a real problem. The €750 million State Home Building Finance Ireland scheme that was intended for such builders and developers had unrealistically high interest rates at a time when the ECB rate was zero.
“This funding went, instead, to large builders/developers, many of whom weren’t dependent upon it. SMEs builders were, so they are still out of the market,” he said.
He said this scheme demonstrates “how far State decision-making is removed from the realities of the market place.”
Mr Davitt said the Government’s new housing plan due next month must deliver transformative change.
“It must stimulate supply in a way that no measure has done over the last decade,” he said.
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