Survey shows significant increase in residential property market activity

THE residential property market has seen a significant increase in activity levels and sales transactions during the second quarter of this year.

A survey conducted by the Irish Auctioneers & Valuers Institute (IAVI) reported an increase in the volume of transactions with a balance of “sales closed” to 27% compared to 17% in quarter one, with respondents in Dublin alone reporting an increase from 37% to 49% in quarter two.

The group also reported an increase in enquiries (39%), viewings (38%), offers (34%) and sales agreed (32%), although these were more moderately paced than the traditionally busier first quarter.