Property prices up for the 18th month in a row, putting the squeeze on buyers

Prices were up by 8pc in the 12 months to February.

This is down from 8.2pc in the year to January, according to Central Statistics Office data for February.

Property prices in Dublin rose by 7.1pc, and prices outside Dublin were up by 8.7pc compared with February last year.

The median price of a dwelling purchased in the 12 months to February was €360,000.

The highest median price for a dwelling in February was €670,000 in Dún Laoghaire-Rathdown, while the lowest median price was €185,000 in Leitrim.

The most expensive Eircode area was A94, which is Blackrock, Co Dublin, with a median price of €747,750

Castlerea, Co Roscommon, where the Eircode is F45, had the least expensive price of €148,000.

Independent economist Austin Hughes said there are signs of slightly calmer conditions in the CSO data.

“The February increase of 8pc is still strong and the pull-back is limited, but Irish house price inflation has eased now for six months in a row, having accelerated for the previous…

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Independent.ie