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Situation For Midlands Home Buyers Could Get Worse

That's the warning from the Institute of Professional Auctioneers and Valuers.

House prices may be stabilising, but interest rates are adding another headache to those looking to enter the market.

That's according to the Institute of Professional Auctioneers and Valuers, after the latest Residential Property Price Index from the CSO found house prices increased by 10.8% percent in the 12 months to September.

In the year to August, it was 11.9%

The picture in the midlands is less positive with an annual increase of nearly 14%.

IPAV CEO, Castlepollard's Pat Davitt says that with interest rates on the rise, things may get worse for buyers:

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