Housing shortage continues with prices up 3.1%, report finds
Housing prices rose by an average of 3.1 per cent nationally in the third quarter of 2024, according to new figures.
The soaring prices come as a leading expert warns that the number of homes needed per year is close to twice what was built last year.
The House Price Report from property website Daft.ie shows that the typical listed price nationwide in Q3 was €344,848, 6.2 per cent higher than in the same period in 2023 and 37 per cent higher than at the onset of the Covid-19 pandemic.
The percentage gains were greatest in Dublin, where prices rose by 4.1 per cent between June and September.
This is the largest three-month increase in the capital since early 2017 and means that prices there are on average more than 6 per cent higher than year ago.
Annual inflation in Dublin is higher than the average of the other four cities for the first time since 2020.
In Cork, Galway and Waterford cities, prices in the third quarter were roughly 4 per cent higher than a year ago.
Inflation in…
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