The Q4 2021 report, in association with Davy, found that annual asking price inflation rose by 9.7% nationwide, by 7.4% in Dublin and by 10.6% elsewhere around the country.
Meanwhile, quarterly asking price inflation also rose slightly throughout Ireland – by 1.3% nationally, by 1.7% in Dublin, and by 1.1% elsewhere around the country.
This means the mix-adjusted asking price for new sales nationally is now €311,000, while the price in Dublin is €421,000 and elsewhere around the country it is €263,000. Newly listed properties are seen as the most reliable indicator of future price movements.
The author of the report, Conall MacCoille, Chief Economist at Davy, said that the findings of the report painted a grim picture for prospective homebuyers…
Dublin’s ‘luxury’ housing market.
Featuring heavily-lunched developer ‘Mr Black’.