Asking prices for homes up 7%, report finds

The asking prices of homes increased by 7.3 per cent in the second quarter of the year nationally, according to a new report.

MyHome.ie’s latest property report found asking prices rose at the fastest rate in almost two years in Q2, with the median asking price nationally reaching €365,000, up 5.1 per cent on the first quarter of the year.

In Dublin, asking prices shot up by 7.2 per cent in the year, to hit a median of €465,000, while prices outside of Dublin rose to a mid-point of €310,000, up 7.6 per cent annually.

By quarter, asking prices increased by 3.3 per cent in the capital and 6.7 per cent outside of Dublin from Q1 to Q2.

Taking three-bed semi-detached properties around the country, the report found the largest annual increases in asking prices were noted in Kildare (14.3 per cent), Westmeath (11.9 per cent), Roscommon (10.8 per cent) and Limerick (10.6 per cent).

The research pointed to the strength of the labour market and the loosening of mortgage lending rules…