Consumers expect more house price hikes
10/04/2006 - 13:01:33Irish consumers are expecting house prices to continue rising steadily in the coming years, according to a survey by IIB Bank and the Economic and Social Research Institute.
The two groups said 80% of respondents to the survey expected prices to continue rising by an average of 6% over the next five years.
Only 14% of respondents said they expected prices to fall in the same period.
IIB Bank economist Austin Hughes said the figures show that consumers have not been influenced by warnings of a property crash.
