Sherry FitzGerald figures show 7.2% price rise in second-hand homes in 2024 [Video]

There was a 7.2% increase in the average value of second-hand homes in 2024 compared to just 3.8% last year according to Sherry FitzGerald.

Prices in Dublin jumped by 7.1% annually, with a 1.1% increase in the final quarter which was more than double the growth recorded in the previous year.

Outside the capital prices rose by an average of 7.3% with the highest level of growth was in the Mid-West and Midlands regions at 9.9% and 9.7% respectively.

The Sherry Fitz figures show that about 33,700 housing transactions were completed in the first nine months of 2024, down 6% compared to the same time last year.

The estate agents said this decrease was led by an 8% drop in second-hand home sales, which partially offset by a 5% rise in new home transactions.

There was also a drop off in investor activity, with just 11% of Sherry FitzGerald’s second-hand sales in 2024 involving investor …