Monday 18 December 2017

Panic sets in as lack of family homes spells doom all over again

IT is the story of the town house and the country house – one surging in value by thousands each month, the other failing to find buyers even at rock bottom price levels.

The latest CSO figures on Irish houses prices have shown further marked contrasts between a rural market which largely remains moribund and oversupplied, and a surging Dublin market which is showing signs of overheating thanks to a worsening shortage of family homes.

To put the CSO's 1.9pc August price increase for Dublin into context: it amounts to an increase in value in four weeks of €7,000 on a standard €350,000 family semi.

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