Monday 23 April 2018

Rampant surge at top end of market is starting to cool off

Estate agents are never your friend if you're buying
Estate agents are never your friend if you're buying
Mark Keenan

Mark Keenan

There are finally signs that the rampant prices surge at the top end of the Dublin market is starting to cool off.

A recent slowdown in the pace of bidding, a rejection of some properties at auction and a reduction in the amount of additional bids being offered has been reported by some agencies in the upmarket €1m plus segment in the capital.

The trend is likely to mark the beginning of the end of the feeding frenzy of pent-up buyers that have fuelled the Dublin trophy home market since prices in this segment fell by 70pc and hit the bottom two years ago.

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