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House Prices Increase By 14.2% In One Year

Property prices have increased by more than 14% in the past year. New data from the CSO shows reside...
Ben Finnegan
Ben Finnegan

12:15 PM - 15 Jun 2022



House Prices Increase By 14.2%...

News

House Prices Increase By 14.2% In One Year

Ben Finnegan
Ben Finnegan

12:15 PM - 15 Jun 2022



Property prices have increased by more than 14% in the past year.

New data from the CSO shows residential property prices outside Dublin went up by almost 16.4% in the year to April, while in the capital they saw an increase of 11.5%.

The CSO broke down the figures by region, and show counties in the border area saw a rise in house prices in the year between April 2021 and April 2022 of 22.1%.

 

@benfinnegannews House prices continue to rise in Ireland. New report released by the CSO #news #ireland #irish #irishnews #irelandnews #housing #houses #houseprices #michaeldhiggins #housingforall #government #housingdisaster #housingcrisis #homeless #irelandhousing #housingmarket ♬ original sound - benfinnegannews

That was followed by the south-east with an increase of 21.1% and the midlands at 17%.

The smallest increase outside of Dublin was seen in the mid-west which would include Limerick. In the 12 months studied house prices still grew at 11.7%.

The CSO figures showed the mid-point price of a home bought in the year to April was €286,000.

The Government says prices will stabilise when more supply of houses come on board - but Ministers don't expect that to really have an impact until 2023 - and it could be late 2023.

Ministers have repeatedly said the state is undertaking the largest social housing project in its history.

Yesterday, President Michael D Higgins said housing in Ireland is now longer a crisis, "it's a disaster."



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Border Cost Of Living Dublin Home Homeless House Prices Housing Crisis Housing Disaster Mid-West South East West

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