What will happen to house prices after lockdown?
Buyers and sellers are wondering whether to proceed or defer plans
Knight Frank Ireland has predicted that new homes completions in 2020 will be substantially down on the 21,241 units delivered last year
The immediate and devastating impact of Covid-19 on global economies is apparent. What’s harder to fathom is the longer term implications. Anyone hoping to buy or sell a house is currently stuck in a holding pattern at least until the lockdown ban on construction, viewings and house inspections eases.
Buyers with bids already in must surely be wondering whether to put in a lower offer, while sellers wonder should they take what they can now for fear of what’s ahead.