Saturday 25 November 2017

Rising prices and Central Bank rules forcing homebuyers to think long-term

'Although house prices continue to rise in most parts of the country, the days of buying a house or apartment only to sell it for a profit a few years later appear to be coming to an end.' Photo: Reuters
'Although house prices continue to rise in most parts of the country, the days of buying a house or apartment only to sell it for a profit a few years later appear to be coming to an end.' Photo: Reuters
Paul Melia

Paul Melia

Are we beginning to see the end of the property ladder? Although house prices continue to rise in most parts of the country, the days of buying a house or apartment only to sell it for a profit a few years later appear to be coming to an end.

In the not-too-distant past, buyers would purchase a home close to where they worked and socialised, with a view to selling it on for a handsome profit and moving to a larger property when their circumstances changed.

But experts suggest that buyers are no longer looking for a short-term purchase, but are instead focusing on finding somewhere to live for a decade or more.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss