However, the latest data from the listings website shows liquidity is returning to the market. In the first nine months of the year, new listings for sale stood at 32,800, up about a third on 2021 and just 1 per cent below pre-pandemic 2019 levels.
“We estimate that transaction volumes in the quarter were up 10 per cent on the year and 6 per cent above pre-pandemic third quarter 2019. This improvement in liquidity will also help mortgage lending, which we forecast will grow to €13 billion in 2022. “This latent, frustrated demand has been evident in the mortgage market where circa 20 per cent of approvals have failed to translate into a drawdown,” said Mr MacCoille.
Data published on Monday showed roughly 28,000 new homes are expected to be built in the Republic this year despite the dampening effects of inflation and the increasingly uncertain macroeconomic outlook.
right so, this would beg the question; what are Davy to the government, if they are peddling propaganda like this?
That means is wobbling, too much spheel keeping prices high, new house are moving up in value but anyone who is looking can see old houses in need of work are stagnant.
IrishTimes Would you ever stop pissing down our backs and telling us it’s raining