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IPAV notes need for Government to address property shortage supply

Commenting on the most recent CSO Residential Property Price Index for May, IPAV, the Institute of Professional Auctioneers and Valuers, said while it’s not surprising there is a large drop in the number of dwelling purchases, 46.2 percent on May last year, arising from the pandemic, the big worry is what the pandemic and the reaction to it by stakeholders will do to the supply of properties, which is already well behind demand.

 

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