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Latest Daft.ie Report Shows Prices Increased Almost 4% In Past Year

The latest report from Daft.ie shows house prices have risen by almost 4% in the past year. Prices o...
Caoimhseach Connolly
Caoimhseach Connolly

10:36 AM - 29 Sep 2023



Latest Daft.ie Report Shows Pr...

News

Latest Daft.ie Report Shows Prices Increased Almost 4% In Past Year

Caoimhseach Connolly
Caoimhseach Connolly

10:36 AM - 29 Sep 2023



The latest report from Daft.ie shows house prices have risen by almost 4% in the past year.

Prices on the property listings website were 3.7% higher between July and September, compared to the same time last year.

Nationally, the average asking price was €322,602, which is around 13% below the Celtic Tiger peak seen in 2007.

The government's being urged NOT to introduce any new supports for first-time-buyers on budget day.

The biggest increases were seen outside of the main cities, with yearly rises of 4% in Leinster, almost 6% in Munster and just over 8% in Connacht-Ulster. In Dublin the increase was just over 1%.

Economist at Trinity College, and author of the Daft.ie report, Ronan Lyons, says overall, house price inflation is easing in urban areas, but it's a different picture is different outside of the cities.

"Overall, across the country, it's slowing down in house price inflation, but it is still house price inflation.

"Prices are going up just slower than they were, say, one or two years ago.

"And within that, the COVID pattern, the pattern of strong increases in more rural markets and smaller increases in urban markets, that's still what we're seeing today".



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Daft Report House Prices

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