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Sam Boal/RollingNews.ie

House prices in Dublin are now €155,000 higher than 2013

The number of properties available to buy in Ireland has also gone up.

HOUSE PRICES IN Dublin are now €155,000 on average above their lowest point.

That is according to the latest House Price Report released today by Daft.ie. The average price nationwide during the second quarter was €254,000, 5.6% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of 54% or just over €89,000.

In Dublin, prices rose by 1.8% between March and June, meaning that the average price in the capital is now almost €155,000 higher than five years previously. Across each of the other cities, prices rose in the last three months – by 4.8% each in Limerick and Waterford cities and by 4.7% in Cork and 4.3% in Galway.

Outside the main cities, prices rose by 3.2%,with the largest increases in Connacht-Ulster and the smallest in Munster.

Meanwhile the number of properties available to buy in Ireland has also gone up.

In Dublin, almost 4,800 properties were available to buy in June, up close to 50% on the number a year previously.

Outside the capital, there were almost 19,000 homes on the market in June – 2% below a year previously but up 2,000 on the March level.

65% of properties listed currently find a buyer within four months, in line with the figure from a year ago (66%).

Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie report said:

“Ireland’s sales market for housing remains one of strong demand and relatively weak supply.

“That said, there are signs – in particular from the Dublin market – that new supply is having an effect, with increased availability on the market and a slowdown in inflation. While the increase in new homes built is welcome, it is predominantly in the form of housing estates.

“Almost all the new homes needed in the country are urban apartments, so the mix of supply remains a challenge for policymakers.”

Lyons added that the numbers show that supply is beginning to trickle onto the market.

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    Mute Niall Dunleavy
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    Sep 12th 2017, 8:59 AM

    No mention of middle lane hoggers? Merge onto motorway, move straight to middle lane, stay there. ( I know it’s probably just m50 with 3 lanes).

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    Mute John Walker
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    Sep 12th 2017, 9:17 AM

    @Niall Dunleavy: The article does mention middle lane Hoggeston Niall. It’s rampant!

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    Mute Hans Maas
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    Sep 12th 2017, 8:21 PM

    And than there are: fog lights on a sunny day, no lights on a overcast, rainy or even foggy day or after sundown.

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    Mute Hans Maas
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    Sep 12th 2017, 8:12 PM

    Correct use of the motorway requires knowledge of the rules of the road in the first place and in second place some road engineering expertise. The most blatant and stupid violations of the rules of the road are: the right of way rules which absolutely no-one and that includes the poor excuses for rule enforcers ( the guards), parking on zebra crossings, parking on corners, bullying with the car as a weapon, ridiculously engineered round about a an junctions, and last but by no means least the absolute ignorance and sheer bad attitude and lack of consideration for other road users especially cyclists and pedestrians.

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    Mute Hans Maas
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    Sep 12th 2017, 8:17 PM

    And where in the rule book does it say that putting on your hazard lights gives you the god given right to double park, illegally park or just block the road?

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    Mute mr non snowflake
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    Sep 12th 2017, 6:36 PM

    If people were to drive correctly there would be very traffic issues on the M50.

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    Mute mr non snowflake
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    Sep 12th 2017, 6:39 PM

    Putting on your indicator by the way, does not give you the right of way. If you hit another vehicle already in that lane you are cutting into, you are at fault.

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    Mute Old Gabby Johnson
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    Sep 12th 2017, 7:27 PM

    @mr non snowflake: snowflake

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    Mute Hans Maas
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    Sep 12th 2017, 8:26 PM

    @mr non snowflake: you are at fault? According to whom the guy with the biggest mouth? The best lier, the cutest solicitor? When no one knows the rules including the so called law enforcers than the one at fault is always the one with the who is the least assertive.

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    Mute James William Burke
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    Jul 29th 2020, 11:03 AM

    Overtaking on the Motorway, then pulling right in front of you as they lose their nerve, forcing you to drop back to safe distance. Happens constantly ;-(

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