Daft Property - Irish Property News

MANY PEOPLE selling their homes are still looking for prices higher than buyers are likely to pay – and the difference between asking and selling prices can be as much as 20 per cent. For while property website surveys published this week show residential property price falls since the peak of the property boom of between 43 and 52 per cent nationally, estate agents say that actual selling prices are now down by around 60 per cent and more. The lack of specific information about property sales prices means that buyers and sellers are still largely in the dark about what is actually happening in the property market. This should change in June, when a property price register detailing recent sales, with addresses and prices, is published by the Property Services Regulatory Authority (PSRA). The figures published by property websites MyHome and Daft are all based on asking prices. Meanwhile, the CSO’s most recent residential property price index, published in late December, showed prices...