| 20.3°C Dublin

Close

Premium

Saturday Read: Will the pandemic property price drop be a blip or a tailspin?

The ESRI predicted this week that house prices could fall by 12pc. Kim Bielenberg finds out who are likely to be the winners and losers as the Covid-19 crisis hits the market

Close

 Hoping to buy: With more days working from home, Leonardo dos Santos, pictured with his wife Tabata and daughter Stella, is looking to move from Dublin to Kildare or Wicklow. Picture by Frank McGrath

Hoping to buy: With more days working from home, Leonardo dos Santos, pictured with his wife Tabata and daughter Stella, is looking to move from Dublin to Kildare or Wicklow. Picture by Frank McGrath

Economist: Ronan Lyons 
of Trinity College says rents could drop by 10-20pc

Economist: Ronan Lyons of Trinity College says rents could drop by 10-20pc

/

Hoping to buy: With more days working from home, Leonardo dos Santos, pictured with his wife Tabata and daughter Stella, is looking to move from Dublin to Kildare or Wicklow. Picture by Frank McGrath

It was only a matter of time before the national conversation came back to property prices.

As the immediate threat of Covid-19 recedes somewhat, attention has turned to whether we will have a soft landing, a term popularised in the Celtic Tiger era just before the crash. Will it be a V-shaped recession, or will the cost of the average Irish home keep on tumbling?

There are two ways in which the coronavirus could have a deep impact on the property market. The first is that economic shock and soaring unemployment could prompt a sharp drop in prices.