Survey of 100 houses finds one in four move to sale agreed within a month

CLOSE to one in four properties monitored moved to sale agreed status within one month of going on the market.

The Property Week and MyHat.ie are tracking 100 randomly selected properties in Dublin that came on the market in January and although 23 moved to sale agreed, just one property was sold. The prices were cut on 12 houses and four were withdrawn from the market.

In Cork prices have been continuing to fall by between 1% and 2% each month, with a three-bed semi now marketing on average at €254,000 compared to €345,000 in March 2008 and €310,000 in March 2009.