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Dublin: 8°C Wednesday 19 January 2022

This week in the property market in 4 graphs

The statistical breakdown you should look at if you’re thinking of stepping onto the property ladder.

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.

Daft_Journal_Price_Gap_Final_002 Source: daft.ie

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.

Daft_Journal_Enquiries_Final_014 Source: daft.ie

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.

Daft_Journal_Price_Up_Final_001 Source: daft.ie

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.

Daft_Journal_Price_Up_Final_002 Source: daft.ie

You can find more about property on TheJournal.ie here. 

Disclaimer: Journal Media Ltd and Daft.ie have some shareholders in common.

Read: Rent controls won’t fix the Irish market, tenants’ board warns

Also: Stepping on the ladder – The four best properties in Ireland this week

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