Profits from doom? How the property market stayed strong in 2020

Covid-19 didn‘t prevent plenty of properties under the hammer from fetching impressive prices this year

20th December, 2020
Profits from doom? How the property market stayed strong in 2020
Horse Island off the west Cork coast sold for more than its €5.5 million guide price

We started 2020 full of optimism and looking forward a really strong market armed with instructions on some lovely properties. Then over the horizon came Covid-19 with the resulting shutdown, closely followed by stockbrokers predicting a 20 per cent drop in values and bankers saying 12 per cent.

No one really asked the frontline staff, the agents, who quickly confirmed a strong market with prices, if anything, rising primarily due to strong demand and shortage of supply.

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