Feelings here are that the most active sector of the housing market is the realistically priced three and four bedroom family houses which are in the traditionally established suburbs.
We have noticed a marked increase in enquires and offers in the Carlow area and a return to competitive bidding is taking place.
This significant increase in the level of activity has led to some sale agreeds – which is much welcomed after the lull of the past few months.
The level of enquiries are steady and genuine which is a particularly good sign!
But the thing is everyone is looking for signs that the property market has or is stabilising because no one wants to overpay for a home, so people were playing a game of wait and see – my opinion is that this game is coming to an end. People are starting to make decisions now. However, I would agree that there is a real need for a national house sales transaction index – now more than ever before!
Some good news which I picked up on was that the Director of the Irish Mortgage corporation, Frank Conway said he is finding the mortgage situtation is no longer getting worse and levels of enquiries are steady.
Your comments are welcomed on this piece (as usual)
Posted by Caterina Nolan – Kehoe Auctioneers.