Those looking to buy a house remain confident about their ability to do so, despite the interruption to the market as a result of Covid-19.
That's according to a new survey by property website MyHome.ie.
It found that 68% of prospective buyers are still planning on purchasing a new property in the next year.
Six out of ten respondents believe next year will be a good time to buy, while 37% expect prices to drop by over 10% in the next year.
The 1,981 respondents were asked what factors would encourage them to buy a property now.
35% said more available houses, 33% said more overall confidence in the economy, and 33% also said an easing of mortgage lending rules.
We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences
The Covid-19 pandemic is expected to have a significant long-term impact on how we purchase property.
59% of respondents said they believe the virus outbreak will lead to more online processes in general to minimise contact, while 21% said they believe it will lead to quicker sales in general.
Half of the respondents said they believe online viewings and virtual tours are effective ways to view a property.
