Residential

Cooler market not surprising given the current headwinds

The cost of living crisis, economic uncertainty and now rising interest rates have caused the market to slow down recently in terms of price inflation

Different price tiers are performing very differently. There is strong activity up to €400,000 where first-time buyers are most active and they account for 68 per cent of our owner occupier buyers

The Irish residential market unquestionably cooled in September in terms of price inflation, but only if compared to the frenzied first six months of 2022, especially in the second quarter when the stock of properties for sale fell to a historic low and it was a seller’s market.

A cooler market is not surprising given the current headwinds, which include the cost of living crisis, economic uncertainty and now rising interest rates. A moderation in ...