There were fewer than 20,000 homes listed for sale on August 1, the lowest August total since 2006, and a 22% collapse on the same date last year.

However, prices remain largely stable in most parts of the country, with the average home now selling for some €260,000.

The pandemic has had little impact on the private rental market, with the vast majority of markets increasing year-on-year.

However, rents are increasing almost across the board with the average rent in County Cork now €1,036 per month, up 0.6% from this time last year, while rents in Cork city rose by 2.3% to €1,397 per month. 

Renters in Dublin are now parting with an average of €2,030 per month, though the market is slightly decreasing in recent months, declining by 0.5% since March.

Read full article: IrishExaminer.com