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Sam Boal/Photocall Ireland

House prices are still falling - except for South County Dublin

The average asking price for a house in Ireland is now €167,000 – down by 54 per cent since the peak of the boom.

HOUSE PRICES CONTINUE to drop across most of the country but increased slightly in south county Dublin between July and September, according to two new reports published this morning.

The average asking price for a house in Ireland now stands at €167,000, a drop of more than 3 per cent from the previous quarter, according to figures from the latest Daft.ie House Price Report.

The national average price is down by 54 per cent since property prices hit their peak in early 2007.

Prices are also down 14 per cent on the same period from 2011.

However the report found that house prices in parts of south county Dublin bucked the trend by rising by 2.8 per cent in the quarter.

Of all the cities in Ireland, Waterford saw the biggest drop in prices between July and September this year, with a fall of 9.3 per cent. The other cities saw smaller drops: Limerick (-3.7 per cent), Galway (-2.6 per cent), Cork (-0.6 per cent) and Dublin (-0.5 per cent).

Ronan Lyons, economist at Daft.ie said that report showed that the property market varies hugely across the county and that policymakers need to stop thinking in terms of Ireland as one national property market.

(Image: Daft.ie)

A separate report by MyHome.ie found that prices in Dublin have risen by 1.6 per cent – the first increase for 6 years.

The report found that the rate of price falls has begun to level off across the country with an average decline of just over 2 per cent in the third quarter of this year.

Overall, prices dropped by 14.3 per cent compared to the same period last year and the average asking price for a house is now €207,000.

Note: Daft.ie is part of  Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.

Read: At last – Long-awaited register of property prices in Ireland is here >

Read: One in five mortgages will default by 2013 >

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29 Comments
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    Mute Rafa Condron
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    Jan 23rd 2023, 6:55 AM

    Horrendous act of pure evil. With guns available so readily any person with a grievance or psychotic motive can commit a mass murder at any time, anywhere.

    5th a mass KILLING this year alone, it’s 23 January. That’s a mass shooting every 4 days or so.

    There’s actually been 33 Mass Shootings in January – That’s almost 1.5 mass shootings per day!

    Any other country experiences a mass shooting and the next day they are putting into place stricter gun controls. Not America, they want to put guns in everyones hands to protect others against a mass shooter… what a weird way of thinking…

    ‘Murica.

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    Mute Paul Furey
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    Jan 23rd 2023, 7:13 AM

    @Rafa Condron: they live in different world over there.

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    Mute Niall Ó Cofaigh
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    Jan 23rd 2023, 7:17 AM

    So sad to think of all the needless deaths and suffering. I am not sure that gun control would even be enough – but it might be a start. However, something in the US physic seems to create an element of self entitlement which manifests in many ways and not just in mass shootings. Still we hope and pray.

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    Mute Geoff Scargill
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    Jan 23rd 2023, 7:39 AM

    National Rifle Association – I hope you’re happy. As long as you resist reasonable legislation to curb gun control, these events will continue.

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    Mute The Irish Ranger
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    Jan 23rd 2023, 8:21 AM

    No doubt more weapons would sort out this type of problem, maybe even a few tanks. Yeah, let them have tanks. Freeeedoom!

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    Mute Bert Carolan
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    Jan 23rd 2023, 7:36 AM

    There are more guns than people in the US. Literally.

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    Mute David A. Murray
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    Jan 23rd 2023, 8:20 AM

    @Bert Carolan: I can’t remember the exact statistic, but it would take an incredible amount of time to decommission all the guns owned in America. I think it was beyond decades and into hundreds of years. The logistics that would be involved are staggering.

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    Mute Steve
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    Jan 23rd 2023, 8:18 AM

    The article states this is the fifth mass shooting of 2023. However, according to CNN who reference Gun Violence Archive this is in fact number 33.

    https://amp.cnn.com/cnn/2023/01/23/politics/mass-shootings-in-2023-what-matters/index.html

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    Mute Rafa Condron
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    Jan 23rd 2023, 1:02 PM

    @Steve: 5th mass killing. There have been of course 33 mass shootings as I said in the comments already.

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    Mute David Daly
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    Jan 23rd 2023, 9:26 AM

    Not a bit surprised. It’s the norm in Amercia to go around shooting people.

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