2012 Property: 'Another challenging year' for the housing market

Nobody could claim that it hasn't been an interesting year for the housing market, writes Michelle Devane.

23rd December, 2012
Humewood Castle in Kiltegan, Co Wicklow, sold for €7.225 million.

Nobody could claim that it hasn't been an interesting year for the housing market. The number of transactions increased, although average prices continued to fall, the property price register was introduced, details on the property tax finally emerged and mortgage interest relief is about to be abolished.

Of these, it is the rising number of transactions that is particularly noteworthy. Sales have increased compared to last year. Not only are the numbers of transactions increasing,...

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