Home comforts: Rising property prices and an expanding economy have supported growth

Estate Agents assist in the process of buying, selling, renting and leasing of land and property Their performance is therefore significantly agented by changes and developments in the property market. Strong economic growth in Ireland from the 1990s to 2007 resulted in rapidly rising property prices. Property prices levelled out in 2007 and then contracted sharply until 2012 as a result of the financial crisis, causing industry revenue to fall significantly. Consequently, the industry started the five-year period through 2018 on a low base. Industry revenue grew strongly at the beginning of the period, as house prices rose again and the industry began to recover...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The resurgence in the Irish economy has allowed the industry to bounce back over the past five years
  • A growing population and a rise in house prices have been highly beneficial to estate agents
  • The UK's exit from the European Union could have negative knock-on effects on the Irish housing market
  • Industry Report - Industry SWOT Analysis Chapter

    The Estate Agents industry is expected to be in the mature stage of its life cycle, despite its strong growth over the past five years. The industry's overall contribution to the economy, also referred to as industry value added (IVA), is expected to rise at a compound annual rate of 3.9% over the 10 years through 2023, while Irish GDP is forecast to rise by 6.6% over the same period. This indicates that the industry's share of the total economy is expected to be in decline. However, these figures have been distorted by a large jump in real gross domestic product in 2015 resulting from a change in the way foreign companies are accounted for in the national accounts of Ireland...purchase to read more.

    Additional Insights for the Estate Agents Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Estate Agents Industry are

  • Ability to attract local support/patronage
  • Ability to effectively communicate and negotiate
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Number of residential property transactions and Consumer sentiment index in the Estate Agents industry impact industry performance..

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    What's in this report

    What is the Estate Agents in Ireland Industry?

    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.

    Industry Products
  • Residential lettings
  • Non-residential lettings
  • Residential transactions
  • Non-residential transactions
  • Other services
  • Industry Activities
  • Providing property valuations
  • Arranging for the buying and selling of property and land
  • Arranging for the renting and leasing of property and land
  • Providing advice on properties
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of residential property transactions
  • Consumer sentiment index
  • House price index
  • Housing starts
  • Mortgage rate
  • Population

  • Current Performance
    Celtic tigerBuilding up demandCorporate boomTime saving tech
  • Chart: Revenue Growth

  • Industry Outlook
    Government initiativesHarder timesCommercial strategy
  • Table: Estate Agents Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Estate Agents Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Computer & Peripheral Equipment Manufacturing in Ireland

  • Key Selling Industries
  • Department Stores in Ireland

  • Products & Services
  • Residential transactions
  • Residential lettings
  • Non-residential lettings
  • Non-residential transactions
  • Other services
  • Chart: Estate Agents Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Household owner-occupiers
  • Lessors
  • Residential tenants
  • Businesses
  • Commercial tenants
  • Chart: Major Market Segmentation for the Estate Agents Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Marketing and advertising
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Estate Agents

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Estate Agents Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Estate Agents Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Estate Agents Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Celtic Tiger
  • period of exceptionally strong economic growth in Ireland
  • Doehlg
  • Department of Environment, Heritage and Local Government
  • Ipav
  • Institute of Professional auctioneers
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Estate Agents in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Estate Agents in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Estate Agents in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Estate Agents in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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