Asking prices for houses that were for sale here in May rose by an average of 3.7%, regaining the 5.5% of lost ground in April, according to new data released by property website Daft.ie.
In the Leinster counties, asking prices remain 2.1% above levels seen 12 months ago.
In contrast, average listed prices in Munster during May were 5.7% lower than a year ago.
When it comes to the availability of homes, there were 22% fewer homes for sale at the start of June across the country than at the same time in 2019.
But the rental market saw a slight increase of 6% in the number of properties available in May.
House asking prices rebound after falling in April – Daft.ie (RTÉ)
Rory O’Farrell, of the OECD, tweetz:
Ireland has the EU’s 3rd fastest rising house prices.
Earlier: Not Fit To Hold A Candle
View our new interactive Luas House Price Map and Neighbourhood Guides 🚉
Interactive Luas Map (Daft.ie)
Conor Pope, in The Irish Times, reports:
House prices rose by 12.3 per cent in the 12 months to the end of December and the rate of increase is accelerating significantly, new figures show.
The rise revealed today compares to a 9 per cent increase in the same period of 2016 and compares to a hike of 11.4 per cent in the average cost of a house in the 12 months to the end of November.
The latest numbers mean that from the trough in early 2013, prices nationally have increased by 72.1 per cent.
House prices rise 12.3% in a year and rate of increase accelerates (The Irish Times)
The Central Statistics Office writes:
In the year to July, residential property prices at national level increased by 12.3%. This compares with an increase of 11.5% in the year to June and an increase of 7.1% in the twelve months to July 2016.
In Dublin, residential property prices increased by 12.7% in the year to July. Dublin house prices increased 12.6%. Apartments in Dublin increased 12.0% in the same period. The highest house price growth was in Dublin City, at 13.6%. In contrast, the lowest growth was in Fingal, with house prices rising 7.4%.
Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 11.7% higher in the year to July. House prices in the Rest of Ireland increased 11.8% over the period. The West region showed the greatest price growth, with house prices increasing 15.8%. The Mid-West region showed the least price growth, with house prices increasing 8.2%. Apartment prices in the Rest of Ireland increased 13.7% in the same period.
Residential Property Price Index July 2017 (CSO)
Neil O’Donoghue writes:
“Two different estate agents, same day, 15k difference. Smells like bubble…”
Everyone stay cool.
1, Eagle Hill Avenue, Terenure, Dublin 6W (Daft.ie)
Crumlin, Dubin, yesterday.
(Thanks Niall Farrell)
The Telegraph reports:
“House prices in Hong Kong have risen at the fastest pace of any country in the world over the 12 months to March, according to a new global study.”
“Despite a raft of different cooling measures introduced by the Hong Kong Government since February 2013, prices rose by 19pc over the period due to a chronic shortage of homes.”
“Property values in Turkey accelerated by 18.6pc, the second biggest climber in the ranking, followed Ireland where house prices grew 16.8pc.”
Mapped: Where in the world are house prices growing fastest? (The Telegraph)
Graphic showing average asking prices and year-on-year change in the last quarter of 2014
Laura Slattery, of the Irish Times, reports:
House prices dipped 1 per cent in the final three months of last year, according to the latest report by property website Daft.ie. This is the first time since mid-2013 that the average house price fell compared with the previous quarter…
However, the average asking price for a home nationwide is still 12.8 per cent higher at €193,000 than it was a year ago, Daft’s 2014 Year in Review House Price Report shows. This compares with a peak average asking price of €378,000 in 2007 before the property bubble burst.
House prices slip back 1% but still up on last year (Laura Slattery, Irish Times)
The Daft.ie House Price Report