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Advertiser ie - Sherry FitzGerald 2021 market review

More than a year on from the beginning of the pandemic, the fallout from it continues to bear significantly on the property market. Prior to the onset of Covid-19, lack of supply was the predominant issue facing the residential property market both in Galway and nationally, but this situation has been greatly exacerbated by the necessary national lockdowns. The lockdown at the start of 2021 had a twofold impact on supply. It necessitated the closure of most residential construction sites for several months, slowing new homes construction, while also inhibiting potential vendors from listing their property for sale, diminishing second-hand supply.

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