House prices in Dublin have fallen for the first time in three years while properties located in commuter towns are also decreasing, a report revealed.
REA spokesman Barry McDonald said: “Following a frenetic start to the year, the market has slowed somewhat, with affordability having a definite effect on demand. He continued: “There is no doubt that throughout the capital and commuter areas, interest rate rises have had an impact on buyer and sellers’ decision making, leading to viewer numbers decreasing and a longer time to reach sale agreed.
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