The Owen Reilly Report 2023
We have released our annual report on the Dublin residential market based on data from our transactions in 2022. It was very much a year of two halves as events again took over with Russia invading Ukraine causing an energy crisis and inflation to surge. The first six months were very much a seller’s market…
December sales and rental market update
After a surprisingly busy December our transactional data shows our average selling prices were 2% over asking prices compared to +1.6% in November. Our average selling price was €490,792/€596 per sq. ft. First time buyers were our most active buyer, and they accounted for 91% of our owner occupier buyers. We saw reduced demand from…
Q4 2022 Dublin residential market report
Q4 was a very busy quarter with motivated buyers looking to close before the end of the year. Demand was strongest for properties priced up to €450,000 where first-time buyers were most active and for houses in turn-key condition. Despite a slowdown in price inflation, selling prices were still 5% above asking prices. Our data also…
November Sales and Rental Market Update
As 2022 comes to an end, our transactional data in November confirms property price inflation in our key markets continues to moderate. Our average selling prices were 1.6% over asking prices compared to 8.5% in October. Our average selling price was €590,433 and 27% of our sales were agreed above asking compared to over 80%…
October sales and rental market update
Despite a general consensus that the Dublin property market has cooled due to increased supply and rising interest rates, October was another very active month with strong demand from motivated buyers. Surprisingly our average selling prices were 8.5% above average asking prices compared to +4.7% in September. Our average selling price was €695,714 and 86%…
September Sales and Rental market update
September is when the autumn season gets into full swing and it was very active with a pick-up in supply and robust demand. Our average selling prices were +4.7% above average asking prices compared to +2.9% in August. 83% of our sales were agreed above asking. Average selling times were very fast at 6.5 weeks…
Q3 2022 Dublin Residential market report
Q3 was a very active quarter with no let-up in buyer demand in July and August, traditionally quieter months. In September there was a notable increase in the supply of properties coming to market which combined with raising interest rates saw price inflation cool. Demand is strongest for properties priced up to €450,000 where first time…