People planning on buying homes are still confident about their chances of purchasing a property, despite the Covid-19 crisis.
A survey of more than 2,700 prospective homebuyers by MyHome.ie shows 71 per cent plan on going ahead with their home purchase, despite the economic impact from coronavirus.
About 40 per cent expect house prices to fall by less than 10 per cent, while 13 per cent think they will fall by more than 10 per cent over the next 12 months.
Almost three-quarters of those surveyed said they felt safe viewing houses during the pandemic.
Angela Keegan, managing director of MyHome.ie, said “many prospective buyers have not been hit by the economic fallout from Covid-19”.
“Even though consumers have not seen the price drops that many predicted when Covid-19 emerged, demand has stayed strong throughout Q2 and Q3,” she said, as separate MyHome research suggested asking prices rose 1.2 per cent in the second quarter of the year.
The findings come as a new mortgage lender, Avant Money, starts taking applications for its products from Monday, with fixed rates as low as 1.95%.
Other Irish lenders are expected to respond to what is the lowest rate currently on the market.