New Builds eat into second hand stock

2018 showed that house sales in the commuter belt to Dublin indeed caught up in regards to price increases however unit sold reflect pretty much the same on 2016, and 2017. Leaflet Distribution company’s have agents spending double their marketing budgets to catch up.

25% to 30% of new builds are included in 2018 figures which have increased by 250 builds. So no increase in buyers, new builds are eating up sales of second hand built stock.

Speaking to Estate Agent’s second hand stock is taken longer to close in a more complex property chain however they are still off loading property’s at a peaked increased rate.

Another interesting fact is the price increases being achived by new builds, with semi quarterly price increases of approx 10,000 euro per house hold. It appears the A+ rated homes seem to be far more appealing to FTB, even at an increased rate and under tuff borrowing regulations.

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