The rate of price growth in the property market was given new impetus in 2005, as commentators were surprised by the renewed buoyancy and the majority of market sectors saw increases that, in some cases, went beyond expectations.’Demand for housing continues to outstrip supply, with double digit average inflation in all house sectors in 2005, though the average rate of increase for apartments was lower, ranging for the second-hand sector from 4.8% for one-bedroom unit in Connaught to 9.4% for a two-bedroom unit in Dublin’ declared IAVI CEO Alan Cooke as the Irish Auctioneers & Valuers Institute released Ireland’s most comprehensive property survey for 2005, carried out across all market sectors among IAVI’s 1,900 members nationwide.

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Posted: 01|19|06 at 10:50 am. Filed under: Property & Land.