Competitively priced houses attract buyers

Despite the continuing slump in the housing market, competitively priced houses are still attracting buyers.

According to the Chartered Surveyors of Ireland (SCSI) annual property report, buyers remain in the Irish housing market, but only for properties that are perceived to be excellent value. The report said that unrealistic asking prices were still stalling the market.

“Conversely, when asking prices are reduced to realistic levels, vendors are recording reasonable activity in the sector. Cash buyers remain the principal cohort of those purchasing new residential homes in the property market,” said the report.