Property Market Stabilisation

In the past few days the Irish Banking Federation reported on a stabilisation in the Irish property market. The Irish Banking Federation annual reports show an increase of approx. 30% in the number of properties listed for sale. There were also increases in the number of property transactions and in the level of mortgage drawdowns. Although they have noted that the main driver behind this situation is the trends of the capital.Keane Thompson believes that the improving economic backdrop will continue with a gradual recovery from here. Although we all still face many challenges ahead, including the impact of an expected rise in repossessions, banking sector stress tests and the release of further supply from NAMA and the banks. There are concerns of a property price bubble developing in Dublin but these fears will be drawn out as the properties come onto the market.If you are looking to sell or rent your property, talk to our Keane Thompson Sales or Lettings teams and we will provide you with an excellent service that will get you the results you are looking for.

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