MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • House sales in Cork at a three year high
Uncategorized
Dec 17, 2013 - 08:23

House sales in Cork at a three year high

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
House sales in Cork at a three year high
A new study based on an analysis of the Property Price Register shows that the number of property transactions in Cork is at a three year high.


Overall sales are up 17.5% for the first nine months of the year compared to the same period last year while transaction values are up 10.6%.


The study shows that the number of transactions in Cork is increasing at an even greater rate than Dublin where the number of transactions rose by only 13%.


While the study - which was carried out by MyHome.ie - shows that transaction values are increasing, they are still down 14% on the €300m which was spent on property throughout Cork in 2010.


Angela Keegan, Managing Director of MyHome.ie said that while it was heartening to see the level of transactions in Cork rise, the increase was coming off a low base.


"While the latest figures bode well it is very much West Cork and Cork County that are driving the recovery. In West Cork, the number of transactions is up by 19.6% while the value of those transactions is up by almost 23%. Kinsale was the star performer here with sales up 61%.
Advertisement


"The picture is also very positive in Cork County where the number of transactions is up 20% and values are up 13%. In the city many agents are telling us there is a shortage of family type homes and this is an issue in parts of Dublin and Galway also," Ms Keegan said.


According to the study, while the number of transactions is up by 10% in the city, transaction values are down by 5%.


Ms Keegan said there is a feeling that Cork prices are following Dublin's lead and that while the value of transactions in the City is down, the cash investor is back looking for inner city properties and apartments.


"We are hearing there is a shortage of stock in areas like Rochestown, Douglas, Blackrock, Ballinlough, Bishopstown and the Model Farm Road. There is also a general shortage of trader upper houses. While properties in Ballincollig are very much in demand due to the proximity to the city Glanmire and Carrigaline are not far behind.


"To increase the supply of homes we need the country's banks to address the mortgage arrears situation and we need local authorities to ensure new developments meet existing and future demand. The recent price increases we have seen in Dublin are not sustainable in the long term and we don't want to see them replicated in Cork and other cities," Ms Keegan concluded.

You can see more on the study at www.myhome.ie/corkanalysis

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • analysis
  • Cork
  • MyHome
  • property price register
  • study
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
  • Buy
  • Rent
  • Featured
  • Property
  • Homes
  • Apartments
  • Property Dublin
  • Property Waterford
  • Property Galway
  • Property Limerick
  • Property Cork
  • Property Kildare
  • Property Meath
  • Houses Dublin
  • Houses Waterford
  • Houses Galway
  • Houses Limerick
  • Houses Cork
  • Houses Kildare
  • Houses Meath
  • Houses Clonmel
  • Houses Wexford
  • Houses Wicklow
  • Apartments Dublin
  • Apartments Waterford
  • Apartments Galway
  • Apartments Limerick
  • Apartments Cork
  • Apartments Kildare
  • Apartments Meath
  • Country Houses
  • Cottages
  • Farms
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement