19 June 2025
House Prices – Transformative Change Needed from Government in New Plan – IPAV
Commenting on the latest CSO House Price Index for April published today IPAV, the Institute of Professional Auctioneers & Valuers, said it is in all interests that the Government’s new housing plan due next month delivers the kind of transformative change that will stimulate supply in a way that no measure has done over the last decade.
Pat Davitt, IPAV’s Chief Executive said: “It is now widely accepted that it will be next year at the earliest before any real impact can be made to advance supply, at any meaningful level.”
He said today’s figures were notable in that only 840 of the 3,748 dwellings purchased in April were new homes.
“If that pattern were to continue for the remainder of the year we could see less than 15,000 new homes this year,” he said.
“Equally, in terms of first-time buyers, with just 1,458 in April the yearly figure is likely be under 20,000.”
And he noted once again the dramatic range in prices between the cities, particularly Dublin and elsewhere.
He said it is not surprising then that the highest increases are taking place in areas like the Border (11.8%) Mid-West (11.4%); West (10.3%); the Midlands (10%); where prices are substantially lower than in the cities.
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