Munster's new homes market in 2025 proves resilient

Aspiring buyers more cautious, looking for value and affordability, says Sherry FitzGerald’s Paul Hannon

The future? Apartment blocks under construction at  Glenveagh Homes former 'Live at the Marquee' site, with builders Conack. Picture: Larry Cummins

The New Homes market in 2025 has proven to be resilient against a cautious and uncertain geopolitical and economic backdrop.

We in Sherry FitzGerald have sold more new homes, including more apartments across the country this year than last year despite the broader global challenges. Aspirant buyers are certainly more cautious and looking far and wide for value and affordability. We are perhaps seeing a shift in the volume demand to the outer commuter belts of our cities where homes are more viable and affordable and falling within the Help-to-Buy and First Homes scheme price ceilings. However, we are also experiencing a higher volume of ‘change of mind’ or fall throughs — buyers are considering all pathways to ownerships and relatively open to location depending on the buyer cohort.