Number of homes available on second-hand market down 50% in 10 years, says MyHome.ie
GeoDirectory says there was a small decline in the number of buildings completed over the 12 months to June but commencement notices have spiked over the same period. Photograph: Agency Stock
The property listing website, which is owned by The Irish Times, said the number of second-hand units on the market at the end of July was 12,477, down by more than 5 per cent over 12 months. Second-hand stock has declined by 50 per cent in a decade, according to the website’s analysis, compared with 24,750 in July 2014.Laura Whitmore ‘raised concerns’ about her Strictly experience in 2016. Why did the BBC not act on them?Joanne Geary, managing director of MyHome.
“There is a vicious circle in the market at present, whereby those looking to trade up or down appear to have been spooked by the lack of stock available and are delaying a sale as a result, leading to an overall and consistent reduction in supply,” said Ms Geary. Demand for housing has been buttressed by the strength of the economy, she said.
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