Four in five property sales exceed asking price, Offr finds

An analysis by the property transaction platform found that homes are selling for an average of 14 per cent above the listed price in 2021

Offr’s analysis showed that 15 per cent of homes sold through its system had more than 30 offers from potential buyers. Picture:

Homes in Ireland have sold for more than 14 per cent above the asking price on average this year, while the typical number of bidders per property has doubled to six, according to a report by Offr, the Irish property transaction platform.

Offr has analysed data connected to 336 property transactions nationwide in the period between January and June of 2021. There were 1,759 prospective buyers for the properties, who placed 5,036 registered offers over ...