Wednesday 17th June 2026
HOUSE PRICES INCREASES “SOFTEN” – IPAV
Commenting on the latest CSO Residential Property Price Index for April, IPAV, the Institute of Professional Auctioneers & Valuers, said the tapering in the rate of increase to 6.2% in the 12 months to April is unsurprising given affordability concerns and increased economic uncertainty.
In advance of IPAV’s more in-depth research for the current period emerging in the autumn, anecdotal reports from agents would suggest a continuing softening in prices, more in rural areas rather than urban, with buyers being more careful about their purchases, according to Genevieve McGuirk, IPAV’s Chief Executive.
“Good transport links are playing a big part with people wanting to be close to their jobs. Most buyers are in their late 30s and with smaller families,” she said.
And she said foreign buyers are playing a very active part in the market, and on-off builds are seeing challenges with big increases in the cost of materials.
“However, given the strong and pent-up demand for homes and the lack of supply we’re unlikely to see any major changes, although the rate of increase for the year is likely to be down on 2025,” she said.
All eyes are now on Government measures, with much anticipation that its infrastructure plan and planning changes in particular will deliver greater supply, she added
Further information: Genevieve McGuirk, IPAV Chief Executive Tel. 086-0474227
Mairéad Foley: Foley Ryan Communications Tel. 086-2556764