The most recent ESRI Report in December made the point that the hugely increasing rents in recent times reflect that there are still plenty of potential buyers out there who possibly are waiting for the ‘right time’ to purchase.
As the Irish Independent stated recently, buyers should beware of waiting out the market in the hopes that prices will keep dropping. This is unlikely as the ECB rates appear to have stabilised, stamp duty uncertainty has been put to rest thanks to the recent stamp duty reform and the base economic indicators remain strong in terms of population, employment etc.
On foot of the improved market conditions ERA agents across Ireland report increased viewings from buyers and a much awaited uplift in offers for well priced homes.
