The number of property sales recorded in the first quarter of the year across the Republic of Ireland has fallen by almost a tenth compared to the same period of 2023.
A study of the Property Price Register by MyHome.ie shows that there has been 11,867 transactions recorded across the State between January 1st and March 31st 2024.
This is down 9.9% on the 13,166 transactions recorded for the same period of last year.
The fall in transactions has also had an impact of the amount spent on property. In the first quarter of this year there was almost €4.6 billion (€4,572,060,993.84) spent on residential transactions.
This was down 11.6% on the first three months of 2023 when there was just shy of €5.2 billion (€5,173,282,707.84) spent on property in the State.
In total there were 63,023 property sales recorded across the country last year.
Figures correct as of the Property Price Register update, May 15th 2023.
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