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Fewer than 20,000 properties for sale, the lowest number in 14 years

 

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

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