Cash deals for property rise sharply

THE number of cash transactions involving Irish property deals has risen sharply in the past year.

As a result of the increasing shift to cash deals, activity in the property sector may be under-estimated by as much as 15%, a new report said.

Carol Tallon, a founder director of Buyers Broker said 15% of property deals done through its offices since February have been for cash, marking a significant rise in the cash end of the market.