Value of market turnover between April and June was less than that recorded in any quarter during the pandemic, says BNP Paribas via IrishTimesBiz
“Unfortunately, the market is responding quite slowly to the new reality of higher interest rates.”
John McCartney, director of research at BNP Paribas Real Estate Ireland, also said the slow adjustment of asking prices could be attributed to the size of the Dublin market. German buyers are typically institutions such as pension funds which target blue-chip properties that will generate stable and reliable flows of rental income.
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