New study shows drastic 50% drop in second hand homes for sale in last decade

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New study shows drastic 50% drop in second hand homes for sale in last decade
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The data published by MyHome.ie today [weds] show that there were 24,750 second-hand homes listed for sale in Ireland in July 2014, compared to 12,477 last month.

The number of secondhand homes across the country available for sale has declined by 50% in the last decade, according to new research. The data published by MyHome.ie on Wednesday shows that there were 24,750 second-hand homes listed for sale in Ireland in July 2014.

Of the 12,477 second-hand properties listed on MyHome.ie last month, 7,983 had an asking price of €450,000 or below, with 2,893 listed for between €450,000 and €800,000.Joanne Geary, Managing Director of MyHome.ie, said that the research being published today was “particularly concerning” due to the fact the “population of the country has grown by an average of 65,000 every year since 2016” and that it was “unlikely that the fierce demand” for homes would ease.

Sinn Féin’s housing spokesman Eoin Ó Broin told the Irish Mirror that the new study was “further evidence that the Government housing plan isn’t working”.

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