Two new reports today warn that house-hunters can expect prices to rise in the coming year.
The warning comes as applications for the ‘help-to-buy’ scheme opens online from today – it has been introduced to help first-time buyers and will give them a 5 per cent rebate on the price of their property.
Myhome.ie which has its final quarter report for 2016 out today says that will initially push up house prices in addition to the new and more relaxed lending rules by the Central Bank.
Locally in Sligo, Leitrim and Donegal prices are rising in line with national trends but the price of a house is still the lowest in Leitrim and Sligo where the average asking price is €118 and €120, 000 respectively.
It’s €140,000 in Donegal in the same daft.ie report also out today which is showing a national increase of 8% in house prices and also expects prices to continue to increase in the coming year.
Daft’s Ronan Lyons, says the lack of supply is pushing up prices around the country: