Sherry Fitzgerald posts €35m turnover as supply issues further boost house price inflation

The group posted an operating profit before non-recurring charges of more than €3.5m for the year 

The company's cash at bank and in hand exceeded €7m, up by a significant 65% on the previous year as it benefitted from rising house price inflation. Photo /RollingNews.ie

Ireland's largest estate agent, Sherry Fitzgerald saw turnover rise by almost 11% annually, totalling more than €35m in 2022 as housing shortages continued to outstrip supply.

The estate agent and auctioneer, which now has more than 100 offices nationwide, reported a "robust" performance in the 2022 financial year despite a "challenging macro-economic environment," citing Russia's invasion of Ukraine, the energy crisis, rising interest rates and the cost of living.