Sellers expect up to €35k less than asking price
Real estate website Daft.ie said in its review of last year’s housing market that sellers are now expecting 5% to 10% less than their asking price, with the average asking price of a property in Ireland now standing at €353,000.
While asking prices remained largely static last year, closing prices consistently fell, changing the market from a seller’s to a buyer’s market. This shift, combined with general uncertainty in the market, led to a large build up in the stock of property available for sale, which peaked in September.
