Confusion on House Price Forecast
December 19th, 2000
Confusing messages over future house prices in County Wicklow are being voiced
with regard to the Governments proposal to include twenty percent of all future residential developments for allocation under the social housing scheme. Under the scheme developers will have to provide one fifth of their land for local authority housing. This will lead to shortages in the supply chain and push up the actual cost of housing according to Fine Gael spokesperson on housing Billy Timmins.
However this theory has yet to be tested and comes at a time when auctioneers are actually
Confusing Messages Over House Prices
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reporting a slowdown in house sales with panic buying no longer evident in the residential marketplace. The successive Bacon reports and their implementation, coupled with the ever increasing amount of houses coming on stream is definitely having an effect on how perspective buyers view the housing market.
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