Pandemic paradox: Why aren’t house prices falling?

Unemployment has soared and uncertainty reigns, yet house prices are holding firm

Latest figures from the Central Statistics Office show that in the year to July, house prices fell by just 0.5 per cent across the country. Photograph: Getty

Latest figures from the Central Statistics Office show that in the year to July, house prices fell by just 0.5 per cent across the country. Photograph: Getty

Is it the time for selling “gracious” homes with a residents’ club and concierge? Cairn Homes certainly thinks so. Some three years after acquiring a plot of land from RTÉ for €107.5 million, it is getting ready to launch its Donnybrook Gardens development next month.

And the pandemic doesn’t appear to have affected its pricing strategy, with properties starting at €855,000 for a two-bedroom apartment, rising to €1.25 million for a three-bed.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.