Letting market lost thousands in volume

The Cork market has stabilised in many ways, but remains dysfunctional, writes Ann O’Mahony.

Overall, 2018 was a strong, stable year for the housing market in Cork. After a buoyant year in 2017, the market opened in January with an expectation of another 12 months of feverish activity. However, less liquidity in the mortgage market, due to a tightening of lending towards the end of 2017, combined with an improved offering in the new homes market collectively resulted in a slowdown in both the pace of activity and price inflation.