Figures released earlier show that Dublin house prices increased by 11.3% and apartment prices increased by 5.7% in the year to August.
Via RTÉ News:
Residential property prices increased by 10.9% nationally in the year to August, with about half of this growth coming in the latest three months, new figures from the Central Statistics Office show.
This is the largest annual change in prices since June 2018, the CSO said.
The CSO reported significantly more transactions in the market in August with people buying 3,764 homes, an increase of 59.6% compared to the same time last year.
…Cian O’Callaghan TD , Social Democrats housing spokesman, said:
“What is the government going to do to control soaring costs? It’s only big idea, to solve the housing crisis, is to pour petrol on the fire of an already red-hot property market, through their proposed shared equity scheme.
“Schemes like the ‘help to buy’ scheme and the ‘shared equity’ scheme will not increase the supply of affordable homes – they will ratchet-up prices to ever increasing unsustainable levels.
“The government does not want to make housing more affordable. The best way to make housing more affordable is to build homes that are affordable instead of continuing to waste money in subsidies for developers that push up prices.”