The current background suggests that the market will continue to cool in a contained fashion, but it will be some time before we can expect prices and activity to return to the growth rates seen in the last two years.
More Quotes from Fionnuala Earley:
Estate agents have consistently reported increased buyer interest over the last few months, which should help to support the market going forward,Fionnuala Earley
As we expected, the strong rebound in prices in October was temporary, driven by buyers postponing purchases until after the August base rate cut and the overall picture remains one of stability rather than acceleration,
Fionnuala Earley
It's come through a little bit more than we were expecting even two months ago. I don't think it can be sustainable at that level going forward. People are stretching themselves.
Fionnuala Earley
Estate agents are reporting increasing buyer interest and that buyers and sellers are reaching agreement on price more readily,
Fionnuala Earley
Rather than seeing a rapid and significant correction in house prices as predicted by some, we are more likely to see a continuing smooth slowdown as lower price inflation attracts more demand, and thus liquidity, into the market.
Fionnuala Earley
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