Friday 20 October 2017

Marian Finnegan is chief economist with Sherry FitzGerald Group

How would you rate the market performance out of 10? The Irish market is showing a phenomenal performance in terms of output and prices so I will rate it 10 out of 10. A record 80,000 new homes units are being built and average prices for second hand homes increased by about 15% nationally and 20% in Dublin in 2005. Do you think that prices will go up, down, or stay flat in

How would you rate the market performance out of 10? The Irish market is showing a phenomenal performance in terms of output and prices so I will rate it 10 out of 10. A record 80,000 new homes units are being built and average prices for second hand homes increased by about 15% nationally and 20% in Dublin in 2005. Do you think that prices will go up, down, or stay flat in 2006? The strength of the economy, employment growth and immigration will enhance demand. However any rise in interest rates may temper a purchaser's desire to go that extra mile or thousand euro for a property. Consequently house price inflation could slow with rises in the second-hand market likely to be closer to 10% nationallly and slightly higher in the main cities. If you had ?75,000 what would you choose as an Irish investment? Property still looks like providing fantastic opportunities in the years ahead. However growth will not be as even handed. Demand will increase for larger, well-located properties in order to accommodate the first time buyers of recent years who will wish to trade to larger homes for growing families and for working from home. What would be your best tip for overseas property? Central London properties offer good value for money with good potential on the upside for capital appreciation and limited risk.

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