Sold on the idea of good value at lower end of the property market

MARKET wisdom, and the recent clear evidence, is that the few house sales that are trundling on are dominated by the lower end price-wise and driven in the main by first time buyers. A few cannier investors looking to add value to cheaper properties are also in the mix.

Those indicative trends closely match reports from estate agents in the past month.

While the new homes market is not set for real recovery in any shape or form any time soon, secondhand values are now down so far that braver buyers can see real value — after all, they are down by 40% from peak, according to last week’s reports from Sherry FitzGerald and Daft, and by as much as 47% in Dublin.