Property shows encouraging signs

There is further evidence that the property market is stabilising, according to data compiled by the Property Services Regulatory Authority which show a very strong finish to 2012 for residential property transactions in Ireland.

In December there were 3,213 property transactions, the biggest monthly total in three years. This follows relatively buoyant activity over October and November, which saw 2,310 and 2,919 transactions respectively. For the full 12 months last year there were 24,249 transactions, which is a 34% increase on the previous year.

The Dublin market is pacing ahead of the rest of the country. The capital recorded 8,504 property transactions in 2012, which is a 46% increase on 2011.