MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Property market will be unpredictable in early 2013
Uncategorized
Jan 4, 2013 - 10:18

Property market will be unpredictable in early 2013

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Property market will be unpredictable in early 2013

The turkey had barely digested in peoples’ stomachs when headlines began to emerge about a stabilising property market.

From a CSO report just after Christmas, to three Barometers at the turn of the year, everyone seems to be in agreement that the decline in prices is halting. Well, in the capital at least.

The second half of 2012 saw a renewed optimism return to the market with the final sales figures for the year – still yet to be fully accounted for – well ahead of 2010 and 2011s.

Naturally, after the events of the past few years, people will greet such reports as the latest MyHome.ie Property Barometer with some scepticism.

Advertisement

It must be noted, however, that that information relates to the last quarter of 2012 and is in no way a prediction of what is to come in 2013.

First and foremost, it is only really the major urban areas that are showing a sign of stabilisation and that progress is likely to be hit by the withdrawal of mortgage interest relief, which was a definite factor in the increase in sales last year, and the introduction of the new property tax in July.

Other Budget cuts are also likely to have an impact while the biggest problem remains the availability of mortgage finance. Depending on what source you believe, somewhere between 40-50% of all transactions last year were made by cash buyers.

So what does 2013 have in store? Certainly in the short term, the market will do well to keep on stabilising.

One of the biggest issues remains a decent availability of stock, which is at its lowest ever point not only in our main cities but also in many towns around the country too.

Advertisement

Whether now is the right time to buy or not, as always, depends on a person’s individual circumstances.

Many people who have an aspiration to buy are holding off for the time being but equally this is having an impact on the rental market.

It is becoming increasingly difficult to get good quality family homes in certain areas that are available for rent. The property tax will also have a knock-on effects on the cost of renting with rents already forecast to increase by anything between 5-7% this year.

The reports at the end of last year might have been positive about the property market but as we look ahead to 2013 we face another uncertain future.

Let us know what you expect this year in our comments section below…

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • barometer
  • Barometers
  • Christmas
  • CSO
  • Friday Feedback
  • mortgage
  • MyHome
  • MyHome.ie
  • property
  • property market
  • property tax
  • tax
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
  • Buy
  • Rent
  • Featured
  • Property
  • Homes
  • Apartments
  • Property Dublin
  • Property Waterford
  • Property Galway
  • Property Limerick
  • Property Cork
  • Property Kildare
  • Property Meath
  • Houses Dublin
  • Houses Waterford
  • Houses Galway
  • Houses Limerick
  • Houses Cork
  • Houses Kildare
  • Houses Meath
  • Houses Clonmel
  • Houses Wexford
  • Houses Wicklow
  • Apartments Dublin
  • Apartments Waterford
  • Apartments Galway
  • Apartments Limerick
  • Apartments Cork
  • Apartments Kildare
  • Apartments Meath
  • Country Houses
  • Cottages
  • Farms
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement