Cork property market shows upward trend

Transactions levels are up 17% in 2013 in Cork City and county, making it the local housing market’s best year since 2010 for volume of sales.

West Cork, and in particular Kinsale, is seeing the strongest recovery, and values of what sold are up 10% too, according to analysis by property website Myhome.ie Their analysis compares the first nine-month periods of the years back to 2010, and says the volume of sales rose faster in Cork this year than in Dublin, where there was a 13% lift in activity.

However, while values of sold Cork property rose 10.6% in 2013, this was still down 14.1% on the €301m that was spent on property in 2010.