EACH WEEK WE give you the inside scoop about what’s been happening in the property market.
We’ve been working with the reams of data from property website Daft.ie to come up with some useful facts and figures you should bear in mind if thinking of throwing your lot in with other home hunters.
Asking-price gap
If you’re looking at house prices, it is worth keeping in mind that, optimistically, the one listed may not be what you end up paying out. In Dublin, buyers can expect to pay on average 10.2% less than the asking price of the property.
Number of email enquiries
For anyone trying to find a place to rent at the moment, it can feel as though you are jockeying for position with hundreds of other potential tenants. In reality, the average number of email enquiries for each property in Dublin city between July and October this year was 18.32.
Rise in the value of property sales
Since last year, the rise in property prices in parts of the country (not all) has been fairly meteoric.
In July this year the total value of properties registered on the Price Property Register hit €1,006,444,481.
The figure of more than €1 billion is an increase of 180% on July 2013, when the total value of properties registered stood at €559,336,156.
Properties available on the market since ‘the boom’
Even with the market beginning to pick back up, the number of properties available to potential buyers across the country is still much lower than at peak levels. Current availability of properties in the market is 52% lower than it was during 2008.
You can find more about property on TheJournal.ie here.
Disclaimer: Journal Media Ltd and Daft.ie have some shareholders in common.
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