【World Property Journal】Ireland's Housing Market Comes to Grinding Halt from Coronavirus Outbreak

Ireland property portal Daft.ie's newly released Property Sales Report says the number of homes listed for sale in Ireland has fallen dramatically, in the wake of the Covid-19 pandemic and the restrictions of everyday life. There were just under 1,300 properties posted for sale nationwide between March 15 and March 28, 2020, half the total for the same two-week period a year earlier.

The report also outlines trends in list prices for housing over the entire January-March period. With Covid-19 not affecting day-to-day life until the final two weeks of March, there was little sign of any price effect. Nationwide, housing prices rose by 2.2% in the first quarter of 2020 to reach an average of €256,338. However, having fallen in both the third and fourth quarters of 2019, the average price nationally in the first quarter of 2020 was 1.7% lower than the same time a year ago.

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