2023 prediction: up 0%-3%
After an enormous leap in costs final 12 months, values for brand spanking new household properties in city-centre places ought to stay static. That’s apart from Ballinlough, the place low provide and a scarcity of recent properties will drive an additional value rise for second-hand three and four-bedroom properties. In line with Ann O’Mahony of Sherry FitzGerald property company in Cork metropolis, 2022 was a constant 12 months for gross sales on the whole.
“Whereas it has improved since 2021, the provision of second-hand homes on the market nonetheless stays 34 per cent beneath its pre-pandemic ranges,” O’Mahony stated.
“There was robust demand, and all kinds of properties in all places within the metropolis and its surrounding areas bought effectively throughout the 12 months, with elevated inventory within the