Sales of new and second-hand homes rise by 14 per cent

Marian Finnegan, chief economist, Sherry Fitzgerald Group

The latest available data from the Property Price Register (PPR) reveals that just over 54,000 second-hand and new residential units transacted over the course of 2017. This represents a 14 per cent increase in activity compared with 2016 and equates to 2.7 per cent of the total national private housing market.

The end-of-year figures are the most accurate data available, due to the time lag in logging transactions to the PPR. When multi-family/portfolio ...