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The Institute of Professional Auctioneers & Valuers (IPAV) is calling on the Government to concentrate solely on measures that will lead to an increase in housing stock in the country.

Acceleration in house prices can be expected to continue until supply ramps up on its current “anaemic level”, the Institute of Professional Auctioneers & Valuers (IPAV) has warned.

Responding to this week’s vacant homes strategy, the Institute of Professional Auctioneers & Valuers (IPAV) said it is unlikely the strategy can impact hugely on the housing crisis, given its scale and the complexity of measures involved, such as facilitating the use of vacant properties of those in nursing home care.

While the Central Statistics Office (CSO) residential property price index shows inflation nationally increasing to 11.9 per cent in May, it is important that the Government is not forced into panic measures such as ending the Help-to-Buy scheme.

Having disposed of most of their properties in the area, Downes & Sons Auctioneers are seeking all types of properties for sale.

House prices will continue to rise until supply improves dramatically, the Institute of Professional Auctioneers & Valuers has stated.

The housing shortage currently being experienced across Ireland is the result of a decade of underinvestment, according to the Construction Industry Federation (CIF).

The Institute of Professional Auctioneers & Valuers (IPAV) says until the lack of supply of residential homes is addressed, house prices will continue to rise.

The Institute of Professional Auctioneers & Valuers (IPAV) says Irish consumers can get used to the price of housing continuing to rise until supply increases.

The Institute of Professional Auctioneers & Valuers (IPAV) has said that urgent measures are needed in the forthcoming Budget to dramatically boost the supply of new housing stock.