Article Title: Are Irish Property Prices Set to Soar Again Article views: (14439 )
Last Modified, 2020-07-30
Are Irish Property Prices Set to Soar Again
Property Valuation Estimate
Chart of historical and forecast future expected values.
Based on a set of assumptions and publicly available data we have estimated the value of your property at €328,905, this is the average of a range of values that your property is likely to fall within. The chart below reflects rising Irish Property prices based on the Irish Property Price Index, which is comprised from mortgage data. In addition we have reviewed the property prices of similar units listed for sale within your local area.
Assumptions supporting the range of values
Your property value has been estimated to fall within €315,363.16 on the Low End and €339,356.06 on the High End with an average value of €327,359.61 adjusted to €328,905.23 based on other desirability factors.
Ireland Residential Property Price Index
Following the steep falls which began in 2007 the Irish Residential Property Market has gradually gained ground and is expected to continue making ground in the next few years. Notwithstanding the fact that there has been a lull in activity since the Covid19 pandemic, we would expect that this will not interfere with demand and rising values in the medium term subject to suitable containment policies being implemented by the Irish Government.
Sample Of Similar Properties In The Market
The sample of listed properties below are representative of asking prices as listed by local estate agents. Properties may well and do typically sell for less than listed asking prices and actual sale values are reflected in the Ireland Residential Property Price Index based on mortgages taken out and not necessarily land registry prices.
These figures are indicative only and property values typically reflect the age and condition and other desirability factors, which can never be fully reflected until a sale takes place and values are realised. Prices and values are dynamic and so subject to constant change so this article is for information and education only and is not to be taken as professional investment advice.
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