Survey finds consumer sentiment take major shift in property sector

Almost 50% of people believe house prices will increase again over the next 12 months, according to the latest ESRI/AIB housing survey.

The survey found that consumer sentiment in the market has shifted significantly.

More than 800 people across all areas of the market were surveyed with the expectation that house prices would rise by more than 2% nationally this year.

David Duffy of the ESRI said: "The survey is not specifically confined to people buying. It's asking all consumers to try and get an assessment of the housing market on the broader economy, not just people who are buying.

"I mean house prices increasing would be good news for those who are selling, it would also be good news for those who are not thinking of selling but who are in negative equity."

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