Price of housing set to increase over next few years
27/10/2005 - 13:43:05The AIB bank has made some startling predictions on the property front today.
The bank has forecast that a return to steep house price rises over the next two years is highly likely.
It said even if interest rates go up, the cost of housing will increase by an average of seven percent annually until 2008, driving the economy to even greater heights.
AIB Group Economist John Beggs says first-time buyers will continue to find it tough, but he says there should be some fall-off in prices and more of a balance in the market after 2008.
