New House Developments Selling in 2019
DUBLIN, CORK, LIMERICK
2019 PROJECTED HOUSE PRICES
This page provides an estimate, based on projections from estate agents across Ireland, of the rates of house price increases, county by county, expected in 2019.
On average, property prices are expected to increase 4.2 percent over 2019,
Property market forecasts are educated guesses at the best of times, but with the current complete uncertainty regarding Brexits' impact on the Irish economy, projections for 2019 property price changes are much less reliable in 2019 than previous years.
In the Dublin City and County regions, the estate agents predict the following property price increase for 2019:
Dulin City Centre: 2.8 percent
North County Dublin: 4 percent
South Couth Dublin: 3.5 percent.
Without a soft Brexit, i.e. a no deal scenario, property price increases may be lower than the forecast figures below. House and apartment prices could undergo a period of no increase or, depending on how the effects of a hard Brexit percolate through the Irish economy during 2019, some counties may even witness a price drop in propery values.
Brexit effects can be split 5 main areas:
Regarding Dublin, two opposing effects are at play: There may be a net immigration of high worth British individuals, pushing up the demand for a limited amout of upper end properties. Against this trend may be the possiblity that those people currently in the market for pricey property may not be in a position to purchase, if they suffer an income drop following a Brexit that turns out badly for the British economy.
The agricultural sector may be significantly affected by Brexit.
Border counties, where locals may enter a period of instability, resulting from the loss of free movement and commerce and the looming danger of a hard border.
Holiday home locations where UK buyers, retirees and tourists are a significant factor in the property market. On the other hand, there is also evidence of UK nationals considering a move from traditional UK ex-pat locations in Spain and other European sunspots to Ireland;
Those regions of Ireland which have previously experienced high emigration, Irish buyers returning from the UK may hold off on any property purchases until the end of 2019.
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COMPARE MORTGAGE RATES FROM IRISH LENDERS
2019 PROPERTY PRICE FORECASTS
|County||2018 % Increase||2019 Projected Increase|
|Dublin: North Co.||4.9||4|
|Dublin: South Co.||0.9||3.5|
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