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Middle and low earners will be priced out of living in regional towns by 2028

Higher prices, lack of new homes, and exodus of landlords make a perfect storm

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Property prices in Clonmel, Co Tipperary, rose by a third from 2016 to 2021 while rents are forecast to rise by 29pc by 2028

Property prices in Clonmel, Co Tipperary, rose by a third from 2016 to 2021 while rents are forecast to rise by 29pc by 2028

Phillip Farrell, of Offr, a technology platform for property transactions, had flagged issues in 2016

Phillip Farrell, of Offr, a technology platform for property transactions, had flagged issues in 2016

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Property prices in Clonmel, Co Tipperary, rose by a third from 2016 to 2021 while rents are forecast to rise by 29pc by 2028

Many middle-income earners will be unable to afford to buy homes or rent in regional towns by end of the decade, according to an unpublished report that paints a bleak picture of future housing affordability.

It forecasts house prices in three Tipperary towns could increase by about 50pc by 2028, based on 2021 values, while rents will also grow rapidly and undermine affordability.

‘The middle-class cohort looks like a very vulnerable space going forward’

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