The organisation says two out of five purchasers are buying a home without a mortgage.
Two out of five current house purchasers don't need a mortgage to buy a property.
That's according to the Institute of Professional Auctioneers and Valuers, which says one-off buyers who can pay more than the market value for a property are buying them without a mortgage.
The organisation says there is a lot of money in the economy to buy property at the moment.
Castlepollard's Pat Davitt, chief executive of IPAV, says it's very difficult for first-time buyers with mortgages to compete with the market:
Laois TD Warns Drug Debts Are Being Collected Through Fear And Intimidation
Bottle And Can Returns Raise Over €300K For Charities This Summer
Lifeboat Press Officer Issues Safety Warning Ahead Of Bank Holiday Weekend
Midlands MEP Slams ‘Fantasy Football’ Economics Over Future of CAP
Offaly Traditional Musician Donal Lunny Passes Away
"A Slap In The Face"- Westmeath Graduate Nurse Pushes For Answers On Job Contract
Westmeath Community Celebrating Tidy Towns 2026 Victory
Westmeath Man Set To Compete In Dublin City Marathon For The First Time