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."

  • Click to stay connected with more stories like this
  • Sign up here to receive news by email. Once per day, no spam.

Most Read in Business

  • Moyes 'given less time due to debt'

    Manchester United's mountainous debt pile and wage bill meant its owners could ill afford to give David Moyes the same amount of time to succeed as his predecessor Alex Ferguson, it was claimed today.

  • Netflix announces summer price rise as profits surge

    Netflix is preparing a sequel unlikely to be a hit with subscribers – the internet video service is about to raise its prices for the first time in three years to help pay for more programming such as its popular political drama House Of Cards.

  • GSK and Novartis agree tie-up deal

    GlaxoSmithKline and Swiss rival Novartis are to create a consumer healthcare powerhouse as part of a string of deals in the pharmaceuticals sector today.

  • Pic: Danielle Walquist Lynch / CC

    Penneys heads stateside

    Primark is opening stores in the north east of the USA.

  • Ryanair increases baggage allowance on flights

    Ryanair is to allow passengers bring a second small carry-on bag on board, in addition to a free 10kg cabin bag allowance from Sunday.

World Market

Currency Rates