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Demand for houses in Dublin rises by 34% while Cork by 13%

Demand for houses in Dublin rises by 34% while Cork by 13%
Image by Jens Teichmann from Pixabay

According to data gathered by the real estate website Daft.ie during the previous 12 months, demand for houses has increased by 17% throughout Ireland.

Demand for new residences increased by a "staggering" 114% in May 2023 compared to May 2022.

Dublin's overall demand is double the national average, at 34%.





18 of the 26 Republic counties showed an increase, with Cork recording the largest increase of 13%.

According to Daft.ie, the help-to-buy program, which assists first-time buyers in buying newly constructed homes and apartments as well as unique self-built residences, is probably responsible for the nearly 18-fold rise in demand for new homes in the €400,000–€500,000 price range.

According to Daft.ie's analysis, demand has grown year over year.

However, it issued a warning that the sales market's supply over the previous 12 months had not been sufficient to meet demand.