Things have improved greatly over the last 2 months, with viewings, offers and sales up…against all the odds!
Prices have fallen further in the first 4 months of this year and this is reflected in increased interest in competitively-priced houses.
Those that have not addressed pricing are not being viewed, while those that have, have seen a large increase in activity.
Here are the figures for March '09 and '10
| Month | Viewings | Offers |
| March 2009 | 82 | 24 |
| March 2010 | 68 | 27 |
Here are the figures for April '09 and '10
| Month | Viewings | Offers |
| April 2009 | 50 | 47 |
| April 2010 | 65 | 38 |
As you can see, while viewings in March 2010 were down 17% on 2009, offers were up slightly, by 11%.
In April, viewings are down 23% on last year, with offers down 19%.
Prices have continued to decline.
We are finding that buyers are more focused than before.
Most viewers have their financial homework done prior to viewing now and are aware of exactly how much they have mortgage approval for.
In the boom days, this was the last thing on a buyers mind, as finance was invariably forthcoming from some of the lenders, each of whom tried to outdo the other in easy access to money.
So far this month, there has been renewed interest in Retail outlets.
Rent for these has reduced enormously and some smaller units in good locations are available from €100 per week, with a prime unit of 350 sq ft, near Superquinn, available from €14,000 per year.
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