Property prices tipped to rise by 9% here in 2015

February 6, 2015 The MyHome Newsdesk by The MyHome Newsdesk
Property prices tipped to rise by 9% here in 2015

Ratings agency Standard and Poor’s has said the Irish property market should see the strongest price rises in Europe this year.

It has predicted growth of 9% on the back of an improving economy and short supply of housing.

S&P says stronger lending controls by the Central Bank should prevent house prices from spiralling out of control and means prices will rise at a slower rate than they did in 2014.

It predicts house price rises of 9% in 2015 and 5% in 2016, compared to growth of around 16% last year.

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