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flag Ireland’s housing market has low sales volume and transparency, with few homes sold and many priced far above asking, fueling buyer distrust.

flag A new report by MyHome and Bank of Ireland reveals that Ireland’s housing market suffers from low liquidity, with only 2.8% of homes sold in 2024—well below the UK’s 3.6% and historical averages. flag A major concern is the lack of transparency, as nearly one in seven homes sold for at least 20% above their asking price, fueling buyer distrust. flag Only 16% of buyers feel the market is transparent, and just 0.4% of housing stock involved new mortgage drawdowns by movers—less than half the UK rate. flag Experts cite opaque bidding, lengthy processes, and fear of not securing a new home as key barriers, especially for homeowners with mortgages. flag While the Property Price Register has improved data access, the report urges wider use of digital bidding platforms to display bid history and boost trust and efficiency.

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