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Seven things you should know when house-hunting during the crisis

Some feel the virus will push house prices down 20pc - so get mortgage-ready if you can, writes Louise McBride

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House prices may not be affected by the Covid-19 crisis as much as people think, according to Michael Dowling, managing director of Dowling Financial. (Stock picture)

House prices may not be affected by the Covid-19 crisis as much as people think, according to Michael Dowling, managing director of Dowling Financial. (Stock picture)

House prices may not be affected by the Covid-19 crisis as much as people think, according to Michael Dowling, managing director of Dowling Financial. (Stock picture)

The Covid-19 crisis could knock tens of thousands or more off Irish house prices and make the coming months the cheapest time in years to buy property - if you can afford to.

The Economic and Social Research Institute warned last week that property prices could fall by 12pc by the end of next year as a result of the Covid-19 pandemic. The Belgian bank KBC said recently that it expected Irish house prices to fall by 12pc this year - followed by a rise of 8pc next year. In its worst-case scenario, the bank said prices could fall by 20pc this year.


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