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House prices outside Dublin to rise by up to 7%

House prices in some regions could rise by as much as 7% in the next year, according to a survey of more than 200 estate agents in May.

In Dublin, the rise is expected to be around 4%, in Leinster 6%, and in Munster, Connacht and Ulster prices are expected to increase by as much as 7%.

Agents said the higher price forecast reflected the “Covid effect” and the increased attractiveness of regional properties due to the rise in people working from home.

TJ Cronin, president of the SCSI, said a lack of supply, construction lockdowns and steep increases in the price of materials meant prices would continue to rise.

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