Survey shows consumer confidence in property
21/03/2005 - 11:48:38Consumer confidence in the property market is high, according to a survey conducted by the Government’s Economic and Social Research Institute and the mortgage firm IIB Homeloans.
Almost three-quarters of respondents said they expected house prices to increase in the coming year, with only 6% predicting a fall in prices.
Most respondents also said they expected house prices to rise by around 5%-a-year in the coming five years.
Elsewhere, one-in-eight said they were thinking of buying a house or apartment in the coming two years, with two-thirds of these saying the property would be for investment purposes.
