Will house prices drop in Ireland in 2023?

Will house prices fall in Ireland in 2023?

Current trends indicate that house prices will continue to rise in Ireland in 2023. However price growth is expected to moderate to single digit growth in comparison to double digit growth last year.

Pent up demand, a healthy economy and a change in macroprudential lending rules will aid further price growth. Furthermore, supply is likely to be challenged with high construction costs, planning delays and lack of labour making new developments unviable and consequently many developers are leaving the market.

If market conditions remain the same prices are likely to increase in single digit figures.

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