Steady Growth Expected in 2017

Posted on 9th January 2017 by Shauna Forde

There are early indicators that 2017 will be another year of strong growth in the property market. According to a new report released by, the property market during 2016, increased nationally by 8%, and impressively over 12% in the Connacht region and over 9% in both Munster and Leinster. Very similar figures were seen in 2015, showing the market is still recovering strongly with increases becoming more settled particularly in the urban areas which seen bigger increases earlier in the recovery.

However a major challenge in 2016 was the housing supply shortage which looks to continue, thus feeding into the continued rise of house prices in 2017 and indeed for the next few years. Figures from show that the number of properties listed for sale fell to just 20,875 in December 2016, down 7.7% from 12 months previous which sets another historic low in terms of supply. Out of these properties many are located in less desirable locations which is leading to a significant shortage of good quality family homes across Ireland.

Patrick Folan, director of IAM Sold stated that “while a small amount of new builds are coming on stream, there is still a clear imbalance between supply and demand.  We are hopeful that new schemes such as the help to buy scheme will aid in pushing on new build homes to allow for supply to catch up with demand.


Share this story:

Latest blog posts

The simplest way to keep up-to-date. Register your details to receive our email communications.

IAM Sold Ltd is rated 4.62 stars by based on 405 merchant reviews

4.62 / 5 Rating
405 Reviews
Fees are ridiculous - why they can't take a 10% deposit on purchase price on auction nights instead of such high reservation fees is beyond me and just charge a reasonable admin charge such as £1000. In the long run this business model is not sustainable and investers like myself will go elsewhere to purchase properties. Is it any wonder the auction room was empty and a coinsidence that 70% of properties in catalogue were not available to purchase on night.
Buying property to needs, with in limited Budget, Would have Rated Very Good if iamsold fees was less.
Good communication.