17 properties worth €1m or more sold weekly in Ireland

The value of all residential property now stands at €450bn, a rise of €30bn since June, and represents a daily increase of €150m, the report found.

An average of 17 properties worth €1m or more are now sold each week in Ireland, according to Daft.ie's latest Wealth Report.

The analysis by the property website on the country's premium market for the second half of this year found that the number of homeowners whose property is worth €1m or more – making them “property millionaires” – has surpassed 5,000