A test of market exuberance

Renovated, opened-up semi-d in Cork’s Bishopstown is bullishly priced at €550,00, says Tommy Barker.

THERE’S been such a shortage of quality trading-up housing stock in Cork City’s suburbs that asking prices have regularly been surpassed. This has been common in Dublin for over a year, and Cork’s now followed suit.

Were asking prices deliberately set too low to garner interest? Or, was it just caution among vendors and agents, as the market began recovery? A case of ‘let’s not get carried away?’