Irish house prices are stable and will start to rise in 2014 say experts


Irish property prices could stabilize in mere months and will even start to rise again as early in 2014, claim experts on the RTE 1 documentary "Property Crash -- Where to Now."

"Banks will lend when both they and the borrowers and the purchasers of houses are confident that they're getting the house at a fair, sustainable price and I think we're getting close to that point," says Professor Patrick Honohan.

Dr Conor Skehan, head of Environmental Planning at the Dublin Institute of Technology, said: "The recovery when it comes will seem to be particularly abrupt in the eastern area."



Bono follows Bill Clinton’s lead and offers to sell Ireland to the world

Average house price in Ireland is $365,000 - market still hasn’t bottomed out

Ireland’s most expensive home price drop - from $78 to $20 million


"I like to make the analogy of what happens when you hold a ping-pong ball under the water and let it go, the way it abruptly pops up, and I think the speed and vigour of the recovery when it happens will surprise many," he added.

However, the house-price rebound will divide the country. Prices are predicted to rise again in Dublin, Wicklow, Kildare, Meath and Louth while property in Leitrim, Cavan, Longford, Roscommon, Sligo, Wexford, Carlow, Waterford, Kerry and Mayo could languish for years to come -- and in some cases never recover, reports the Independent.

The documentary "Property Crash -- Where to Now" will be broadcast on RTE 1 television on  Monday night.


Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:

Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

You already have an account on IrishCentral! Please confirm you're the owner.

Our new policy requires our users to save a first and last name. Please update your account: