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HOUSE SALES IN thirteen counties are rising at a faster pace than Dublin.
That’s according to a new study from property website MyHome.ie.
The research, which is based on an analysis of the property price register, shows that the number of property sales rose in 25 of the 26 counties last year.
Laois was the only county to record a fall in sales.
Overall there were 29,772 sales recorded in 2013 compared to 25,142 in 2012, an increase of 18 per cent.
There was also an increase in the amount of money spent on property in 21 counties.
Dublin led the way in terms of property sales last year with over 10,000 transactions and €3.6 billion spent.
That accounts for over a third of overall sales however the study shows that sales are increasing at a faster rate in just over a dozen other counties.
The 13 counties and the sales growth:
The overall picture:
The Managing Director of MyHome.ie Angela Keegan said it was very encouraging to see the level of house sales rising all over the country but she also pointed out that the recovery was still in its early stages.
We were surprised to see sales rise by as much as they did in several counties, especially in the border region and Waterford which have struggled more than most since the collapse in property prices in 2007.
She also added that “It’s important to point out that the recovery is happening at a slower rate in several counties, for example in the midlands, and that the total level of transactions is still under 30,000.
If the Irish property market was functioning properly we should be seeing double or treble that level of sales.
Keegan finished by saying that, “We really need to see that figure rising and the Government and the banks have key roles to play in ensuring it does.”
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The main reason property ssles are rising in leitrim/Cavan is that you can buy a whole village for half a curley wurley
Curley wurley ..yum
That’s the best laugh ice had in ages :)
Top comment Austin
I’ll give you a 6 bed Cavan house with an acre of land for a curly wurly.
If you don’t mind living in isolation and in the middle of nowhere with the smell of manure wafting in the air. ;-)
Yep, same in the Midlands. People looking for houses are sacrifing quality of life/opting for a smaller salary so they can get a house that suits their needs instead of apartments. A lot of properties also being bought by people outside of the state. Rate of NAMA/bank owned properties hitting the market increasing.
Is there an internal push within thejournal to put out property stories – particularly those of a positive nature?
The transaction levels are so small that all current data is pretty much meaningless. You sell 10 houses in area one month, 11 the next, and look – a 10% rise in sales in X area.
Anyone would think that there are vested interests at play ….
You do know the journal is owned by the same people that brought us daft.ie so little bit of a vested interest in property.
But the report is from MyHome.ie which isn’t affiliated! Also the report is from the property price register which is at least based on actual sales prices/volumes instead of asking prices and properties listed for sale!
I’m afraid it doesn’t matter where the information originates from.
When it’s being spewed from the mouth of a vested interest I’d be wary.
Oh look, an article about property!
Yay. We’re rich again!
I found this interesting.
UK 25 million households, 500,000 households in negative equity.
http://www.bbc.com/news/business-26389009
And this
Ireland 1.5 million households 400,000 households in negative equity.
http://www.independent.ie/irish-news/almost-400000-mortgages-in-negative-equity-report-shows-29538374.html.
http://en.wikipedia.org/wiki/List_of_countries_by_number_of_households
Should we not be getting a few Guinness World records for most households in negative equity, mortgage arrears, financial distress etc?
Or maybe for the most most property BullSh1t spin printed in a year?
How is the property BS spin index this year?
200% increase on last year?
You poor, bitter clown. Still ranting eh!
Bitter, ranting ehh?
Here’s another interesting little one that just came up today.
UK 63 million people. 138,000 mortgages in arrears, (1.24%) (this includes buy to let mortgages).
http://www.mortgageintroducer.com/mortgages/249573/5/Industry_in_depth/Mortgage_arrears_down_in_first_quarter.htm
Southern Ireland 4 million people. 142,000 Home-loans in arrears (approx. 20%) and 40,000 buy to let mortgages (approx. 27%) in arrears.
http://oireachtasdebates.oireachtas.ie/debates%20authoring/debateswebpack.nsf/takes/dail2013071000047
http://www.centralbank.ie/press-area/press-releases/Pages/ResidentialMortgageArrearsandRepossessionsStatisticsQ42013.aspx
“Things are just great”
“Clown ehh”
It’s 2005 again. Celebrate.
Like the man in yellow trousers says anyone who naysays the “good times” should commit hari kari.
Bollox, must buy a house fast….
Well said, everyone!
Kent,Essex and Sussex ?
Interest rates are at a historical low so they will be going up soon.
Banks are increasing their Standard Variable Rates.
Water charges are coming (and no doubt sewerage charges will follow).
The LPT will no doubt be increased.
Tax relief at source will be phased out soon.
The government is fireselling state assets.
Tax relief on mortgage interest will be abolished on investment properties.
Capital gains tax will be increased again.
Countless other taxes,fees and charges will be lumped onto the homeowner.
Great time to get bogged into a 30-40 year mortgage to buy a home.
Just ANOTHER property article from theJournal/Daft.ie
have your say