Property market slow to recover

The property market is still moving at little more than snail’s pace with house sales running at just half the rate considered normal for a healthy property market.

Latest analysis shows that the national average housing turnover rate for the past year was 2.1% — and only 1.5% outside of Dublin.

An average of 4%-5% is considered a normal rate and one that more accurately reflects the desire of people to transition from renters to homeowners; to trade up and down as family size changes; and to migrate around the country to avail of job opportunities.