From the Galway Bay FM newsroom:
There is bad news for those hoping to get on the property ladder in the west of Ireland .
Property prices are predicted to rise by a further 5% this year, while the rise in Connacht/Ulster will be higher at 7%.
That’s according to Annual Residential Property outlook for 2022 from the Society of Chartered Surveyors Ireland.
It believes the double-digit inflation experienced last year is not sustainable.
The President of the SCSI, TJ Cronin said the cost of rent will also increase by up to 5 per cent.