70 percent of Irish consumers expect house prices to rise by at least 4 per cent per year over the next three years.
That’s according to a new survey by KBC Bank Ireland which found higher expectations of property price rises were slightly more evident in Ulster, Connacht and the Border region.
Meanwhile, consumers in Dublin expected smaller price increases or price declines.
Chief Economist with KBC Austin Hughes outlines the thinking behind consumers’ responses, and why those in Ulster and in border regions are perhaps expecting larger house price increases:
