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For the Irish property market, it's out of the Brexit frying pan and into the coronavirus fire

Mark Keenan


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Stock photo: PA

Stock photo: PA

PA

Stock photo: PA

FOR the Irish property market, it’s a case of out of the Brexit frying pan and into the Covid-19 fire, albeit with the briefest two months respite.

After successive quarters of price shrinkage in many locations and in luxury property markets in particular, the most recent data from the Irish Independent/REA survey shows that values had been recovering slowly around the country since the start of the year, notably in South County Dublin where Brexit has impacted perhaps strongly.

Estate agents put it down to a general relaxation over the unknown effects of Brexit. And while these might not yet be dissipated in reality, sentiment has relaxed about its impact at least.