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‘The property market is going crazy and buyers are chewing each other up in bidding wars’

We talk to five aspiring buyers about the difficulties posed by rising prices and fierce competition as they search for a place to call home

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With many houses selling for 15-20pc above the initial asking price, first-time buyers with mortgage approval are struggling to find affordable homes in their chosen locations

With many houses selling for 15-20pc above the initial asking price, first-time buyers with mortgage approval are struggling to find affordable homes in their chosen locations

Simon and Dearbhla Monk and family have drawn a blank so far in their quest to find an affordable home in Dublin 16

Simon and Dearbhla Monk and family have drawn a blank so far in their quest to find an affordable home in Dublin 16

Covid 19 restrictions meant Jane Lowe and Conor Butler spent months looking online at houses they couldn’t visit

Covid 19 restrictions meant Jane Lowe and Conor Butler spent months looking online at houses they couldn’t visit

Fiona Casserly and Alan Kershaw

Fiona Casserly and Alan Kershaw

Darren Farrell is planning to sell his home in Ballybrack, Co Dublin and move to the country

Darren Farrell is planning to sell his home in Ballybrack, Co Dublin and move to the country

IT worker Celsa Mendez

IT worker Celsa Mendez

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With many houses selling for 15-20pc above the initial asking price, first-time buyers with mortgage approval are struggling to find affordable homes in their chosen locations

It’s a New Year for better or for worse, and for those looking to buy a home in 2022, amid still rising prices, Covid 19 restrictions and shortages of stock in most locations, there are big challenges ahead.

Everyone is waiting for a bang to happen and for prices to drop, but I think they’re going to continue rising,” says Simon Conerney of Conerney Estate Agents. “The market is still going crazy and purchasers are chewing each other up in bidding wars.”

How much is your House worth in 2022?


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