Ireland’s second-hand housing market remains under acute pressure, the State’s largest estate agent says, with the number of second-hand home advertised for sale falling again last month.
In total, 14,388 second-hand homes were up for sale in July, according to Sherry FitzGerald, down 326 or 2.2 per cent on last year and 20.6 per cent lower than July 2020. That means up to 0.7 per cent of the total housing stock in Ireland was available for sale.
The situation for buyers in the more affordable end of the market was tighter, with the number of homes available below €350,000 falling almost 10 per cent year on year to 5,676 in July. Supply below €200,000 was down 20.6 per cent to 1,531 properties.
The report on the Irish residential market showed that decline extended to the first six months of the year, as the housing supply crunch continued and prices remained under pressure. The largest declines in stock were seen in the lower price categories, the estate agent said.
The data also highlighted regional differences, with the most significant reduction in the west of the country, where the number of advertised homes fell 9 per cent to 1,580 properties. The Border region also saw a marked decline, falling 4.5 per cent to 1,283 properties.
