The number of property transactions slowed dramatically in April, according to the latest figures from the Central Statistics Office.
House prices also fell last month but are marginally ahead of where they were a year ago, the CSO figures show. The CSO's Residential Property Price Index shows that house prices nationally were 0.5% higher in April compared to a year ago.
However, they fell 0.2% compared to March. The CSO noted that Covid-19 restrictions reduced the number of transactions available to include in its survey to approximately 1,200 - down more than 40% on March.
It compared this level of transactions to the average 1,100 per month during 2010/2011, but noted that the April figure will rise as more stamp duty receipts are