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.
More Quotes from 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
Estate agents have consistently reported increased buyer interest over the last few months, which should help to support the market going forward,
Fionnuala Earley
The cooling in prices in April was not unexpected given the surge in March. However, the underlying picture remains reasonably healthy as demand conditions have remained quite firm.
Fionnuala Earley
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.
Fionnuala Earley
Affordability and overall debt levels will still have to adjust to more comfortable levels before we can expect any widespread increase in demand and thus prices,
Fionnuala Earley
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