Ireland sees home purchases fall 18% in first quarter
DUBLIN, Ireland: Ireland saw a country-wide drop in residential property sales of 18 percent in the first quarter of 2024.
Industry observers attributed the decline to increased borrowing costs following 10 straight interest rate hikes from the European Central Bank (ECB).
Initial data indicates 10,213 properties exchanged hands in January, February and March this year, falling 18.4 per cent over 2023.