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ASKING PRICES FOR homes all across the country are up for the first time since the peak of the market almost eight years ago.
In the latest survey from MyHome.ie, the mix adjusted average national asking price was up 1.3% to €190,000 in the second quarter of this year.
In Dublin, the average asking price increased by 4.5%, hitting €255,000. The median asking price, which MyHome.ie said is the better way of estimating the price of a typical house, was up a considerable 7.4% in Dublin.
Changes in median asking prices across the rest of the country can be seen in this chart:
Click here for a larger version of this image
This is the capital’s fifth consecutive quarter of positive growth and the survey said price rises are likely to continue for some time.
The author of the report Caroline Kelleher from DKM Economic Consultants said that while the recovery in national prices was encouraging, the stronger price growth in Dublin means the divergence between the capital and country is continuing to widen.
Supply constraints are clearly a key factor in Dublin and other key markets and these would appear to be driving the current price increases. Given the time lag in addressing supply issues it is likely prices will continue to rise in these areas for some time to come.
Angela Keegan, Managing Director of the property website said it was “heartening” to see asking prices rising nationally for the first time in almost eight years.
“While this is an important landmark on the road to recovery, we are still much closer to the start of that journey then the finish,” she commented. “The average mix-adjusted asking price in Dublin is now 34% higher than the national figure. This is on a par with trends seen at the height of the boom when the difference stood at 35%, albeit prices are at a much lower base.”
She said it is clear that affordability in Dublin is set to deteriorate further over the course of this year and addressing supply issues is key if we are to return to a normal functioning market.
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Having a lay majority on a committee to appoint judges is just ridiculous. Would you have a randomly selected lay majority panel to appoint and interview a chief of medicine ?
As for the argument of judges been political can somebody point out where a judges political interest has swayed a case ?
This is a Shane Ross SF vanity project.
Well the present system is not working needs reform….Regularly on the Journal there are reports of cases where the judge gives a laughable sentence…Also there seems to be no consistency between judges in similiar cases….Also it is impossible to fire or even reprimand a Judge at present….
Its also a pointless bill as the committee can nominate a judge but the government can refuse the nomination and still appoint whoever they like.
To change this a referendum is needed.
Would be far better off putting in place minimum sentencing terms and making sure judges stick to them. Mandatory 15 year sentences for those with massive amounts if convictions would be a start.
This Judicial Appointments Commission Bill needs to be scrapped in its entirety. It’s fundamentally flawed from its conception, no amount of amendments will make it worthy.
Easily satisfied apparently!
If this dog’s dinner of a bill manages to ingest itself into the statute books this year, but then Fianna Fail replaces the current government after the general election, Fianna Fail must repeal Ross’ judicial appointments legislation.
That’s too nice a puppy to spoil with an article like this. Shame on your Journal
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