This is down on the growth of 9.6% recorded in 2021, as the market last year recovered from the effects of Covid-19 restrictions.
Sales activity remained"healthy" during the year, with volumes ahead of 2021 and also above pre-Covid-19 levels. Today's figures show that new homes sales nationally increased 35.1% on the same time in 2021, while they were up 16.8% on 2019, as developments which had been previously delayed due to Covid-19 related public health restrictions were completed and sold.
Meanwhile, owner occupiers remained the most active purchasing cohort in the market during the year and represented 79% of all second-hand home purchases made through Sherry FitzGerald in the year.Marian Finnegan, Managing Director of Sherry FitzGerald, said that after the above trend price inflation in the post Covid era, 2022 saw a return to more moderate price growth, with average values growing by just under 6% compared to almost 10% in the previous year.
"For a variety of reasons including the easing of the rules for first-time buyers, we expect to see a convergence in the levels of price inflation in Dublin and nationally," she added.
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