House Prices Rise During Low I...

News

House Prices Rise During Low Inflation Phase

Share this article


The rate of house price increases is slowing according to the latest report from Daft.ie.

It shows the cost of a house rose by 5.6 per cent in the year to June.

That represents the lowest rate of inflation in almost 4 years.

House prices nationally rose by 2.7% during the second quarter of 2018, according to the latest House Price Report released today by Ireland’s largest property website, Daft.ie.

The average price nationwide during the second quarter was €254,000, 5.6% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of 54% or just over €89,000.

In Dublin, prices rose by 1.8% between March and June, meaning that the average price in the capital is now almost €155,000 higher than five years previously.

Across each of the other major cities, prices rose substantially in the last three months – by 4.8% each in Limerick and Waterford cities and by 4.7% in Cork and 4.3% in Galway.

Outside the main cities, prices rose by 3.2% in the same period, with the largest increases in Connacht-Ulster and the smallest in Munster.

Author of the latest Daft.ie report, Ronan Lyons, says the change is reflected across the country;

"Overall we're finding that the headline rate of inflation has falled to its lowest level in almost four years. Nationally the year on year change in house prices is 5.6% that's the lowest its been since 2014.

That's been driven, not just by Dublin but in particular by Dublin where headline rates of inflation have halved in the last year. But even across the country now there's a steady 5-6% increase depending where you look."

Average list price and year-on-year change – major cities, Q2 2018

  • Dublin City: €374,885 – up 6.2%
  • Cork City: €273,894 – up 6.9%
  • Galway City: €285,277 – up 6.2%
  • Limerick City: €189,416 – up 6.9%
  • Waterford City: €172,880 – up 8.8%

Share this article


Read more about

News

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Overnight

Overnight

12 AM-5 AM

Share

Up next

Early Breakfast with Pamela Jo...

Early Breakfast with Pamela Joyce

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Muireann O'Connell

Muireann O'Connell

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

Lost in Music with Louise Duff...

Lost in Music with Louise Duffy

7 PM-9 PM

Share

The Paul McLoone Show

The Paul McLoone Show

9 PM-12 AM

Share

Overnight

Overnight

12 AM-5 AM

Share

00:00:00 / 00:00:00

Share on