Monday November 23, 2020

Demand for property soars despite lockdown

Low supply and highly motivated buyers means the time taken to go sale agreed is often less than four weeks

22nd November, 2020
Seamus Browne of, incoming REA chairman: ‘We have not seen demand so active at this time of year in recent history.’

Ireland’s second lockdown has failed to dampen the soaring demand for property as many homes on the market are moving to sale agreed within a month, according to a national estate agency group.

New industry protocols that require potential viewers to produce proof of funds have all but eliminated those with no intention of buying and significantly speeded up the sales process, the online AGM for Real Estate Alliance (REA) heard.

“We have...

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