As sales of homes worth over 1m plunge in Ireland, where are they and who is buying them?

In the last two years, sales of premium properties priced over €1 million have declined significantly, with a decrease of 21% by volume in Q2.

Owen Reilly stated that the decline in upper-tier property sales is more about supply issues than demand, indicating ongoing interest in €1.5m-plus homes.

He noted that luxury homes now sell much quicker, sometimes in weeks, compared to previous selling periods of 9 to 18 months.

While Dublin's luxury home sales dropped nearly 9% since 2023, Wicklow saw a larger decline of about 28% since 2022, showing regional variances.

Read at Irish Independent