This morning/afternoon.

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.

Home prices jump by 10.9% in year to August – CSO (RTÉ)

Meanwhile…

…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.”

Fight!

RollingNews

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6 thoughts on “Out Of Reach

  1. D-troll

    not really news. media is banging on about house price rises for a while.

    in 2004-2006 price increases seems to be a positive thing increase in house prices, releasing equity and getting on the ladder.

    now it seems to be a bad thing, people cant get on the ladder.

    Reply
  2. SOQ

    A friend of mine is moving back to Ireland was comparing prices for a 2 bed apartment in Dublin and Belfast.

    He came across this in Belfast- behind Queens University and a two minute walk into Botanic Park- you can check the map. At today’s exchange rate- this is around €215 k in a very safe area, in a gated development. I know wages are lower up there, but nowhere near that difference.

    https://www.propertypal.com/apt-18-rugby-square-rugby-parade-belfast/693061/photo-5

    Oh- its sold- no wonder.

    Reply

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