The ratings agency expects prices in this State to fall by 1.6pc this year, and by 1.1pc next year. (stock photo)THE Covid-19 lockdowns and the unprecedented fall in economic activity will lead to fall in house prices this year and the following year, a leading credit ratings agency has forecast. The ratings agency expects prices in this State to fall by 1.6pc this year, and by 1.1pc next year. The ratings agency expects this to lead to greater demand for larger homes. Last week the Central Statistics Office said prices fell in August, as the pandemic continues to infect the housing market.

Source: Irish Independent October 20, 2020 15:00 UTC