Two thirds of people expect property prices to rise over the next 12 months - most by up to 5% - according to a new property consumer sentiment survey by MyHome.ie.
According to the survey, 42% expect prices will rise by up to 5%, 18% believe they will rise by between 5 and 10% while 4% expect them to rise by over 10%.
93% of respondents believe the Government should be doing more to address the housing crisis, including the construction of more social and affordable homes.
Angela Keegan, the Managing Director of MyHome.ie, said the findings reflected widespread dissatisfaction with the Government’s handling of the housing crisis.
"Given that the Taoiseach has already said the Government would be judged on how it deals with the housing crisis, the fact that the overwhelming majority of people believe they should be doing more, will no doubt be a concern," she said "It was also interesting to see that while awareness of the ‘Help to Buy’ scheme was quite high amongst first time buyers at 72%, the awareness of other schemes such as Rebuilding Ireland Home Loans and Mortgage Allowance Scheme was much lower at 12%, while awareness of the Shared Ownership Scheme was lower again at 4%."
40% said of those surveyed said they expected to buy a new home in the next 12 months, with 34% saying they were undecided and 26% saying they had no plans to buy.