House Prices– Further Tapering Of Increases But Vital Policy Changes Are Slow In Emerging – Brokers Ireland
Tue Apr 1 2025
Press Release
Wednesday 19th March, 2025
Commenting on the CSO Residential Property Price Index for January showing a further tapering of the level of increases across almost all twenty markets captured in the index with the national level of increase at 8.1% year-on-year in January compared with 8.7% in December, Brokers Ireland said “regardless this is still a high level of increase and particularly so since this upward trajectory has been going on for some time.”
Rachel McGovern, Deputy Chief Executive at Brokers Ireland, said this is exacerbating the home ownership desires of huge swathes of the population.
“The Central Bank’s report yesterday is just the latest in a string of reports pointing to the loss of momentum in the housing market,” she said.
“As we have pointed to now for a considerable time, there needs to be a shake-up in the State’s response to housing. We need to hear less about targets and more about solid initiatives to change policy, such as the new Strategic Housing & Infrastructure Delivery Office promised in the Programme for Government 2025. We need to hear what is being done to speed up housing infrastructure such as water services and land re-zoning.”
She said the Government needs to be brave and decisive and not let another year pass before it acts on the recommendations of the Housing Commission in particular.
Ends
Further information: Rachel McGovern, Deputy Chief Executive, Brokers Ireland Tel. 086-8259938
Mairéad Foley, Foley Ryan Communications Tel. 086-2556764
