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Will house prices fall in 2021 Ireland?

Will house prices fall in 2021 Ireland?

Mr Mac Coille said price inflation forecast for 2021 and 2022 would likely now be beaten. "We had forecast an 11% rise in Residential Property Price Index (RPII) inflation through 2021 and 4.5% in 2022. According to estimates, housing completions are expected to top 22,000 when the figures for 2021 are published.

Will house prices fall in 2022 Ireland?

Will 2022 see a stabilisation in house prices or even a reduction? It seems unlikely. The cost of raw materials involved in building the average three-bedroom, timber framed, semi-detached home is up by around €15,000 to €17,000, due to recent global inflationary pressure, according to the CIF.