Just 20% of Cork properties were sold to first-time buyers

Only one in five of residential properties sold in Cork so far this year have been purchased by first-time buyers.

Figures published by the Central Statistics Office show that just 710 of 3,643 properties sold in the city and county in the first eight months of 2016 were bought by first-time buyers representing 19. 5% of the total.

They also reveal that more than a quarter of all properties sold in Cork up to August were bought by private investors with a further 11.5% sold to institutional investors, housing agencies and local authorities.