Lettings market key in 2016

It is imperative to stop the loss of essential rental accommodation, says estate agent Sheila O’Flynn.

The past year, 2015, has proven to be a buoyant year for the Irish economy, but despite this buoyancy the performance of the residential property market is still quite volatile.

Following a strong uplift in sales in 2014, levels have improved again in 2015. In the first nine months of the year a total of 34,200 transactions were recorded. Excluding multi-family/portfolio sales, approximately 32,100 residential units transacted, up 21% compared with the corresponding period in 2014. Cork had just over 3,500 transactions in the period, up 25% on 2014.