Estate Agents in Ireland - Industry Market Research Report

Moving up: Industry revenue is expected to rise in 2023 due to an increasing number of residential property transactions

Population levels, housing and rental prices and transaction and letting volumes all affect the performance of estate agents. Although strong house and rental price growth has supported industry performance, the COVID-19 outbreak created many challenges for industry players. Industry revenue is expected to fall at a compound annual rate of 2% over the five years through 2023 to approximately €4.3 billion, including growth of 3.9% in 2023. Estate agents act as intermediaries, arranging the buying, selling, renting and leasing of property and land. They are paid on a fee or contract basis, often in commission, although online estate agents tend to charge a flat rate. They also provide advice and appraisals in connection with buying, selling and renting property and provide escrow services. This class includes online-only estate agents. Property-related legal services are excluded from the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.