Recent rollercoaster ride belies underlying strength of property market

The majority of house sales that fell through in Q2 have been resold in Q3, with many achieving sale prices ahead of their pre-pandemic levels

4th October, 2020
Recent rollercoaster ride belies underlying strength of property market
There has been multiple bidding on many second-hand properties in recent months due to pent-up demand and a reduction in the number of new homes being made available to the market

In Dublin, the residential property market has been on something of a rollercoaster ride over the last six months, with prices dropping by 2.4 per cent in Q2 and rising by 2.6 per cent in Q3 as the Covid-19 virus and consequent restrictions impacted on the market.

Anecdotal evidence in the three months of lockdown during Q2 suggests that up to 25 per cent of sales in Dublin did not proceed for a variety of reasons.

Market uncertainty...

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