Daft report highlights largest quarterly gain in housing prices in nearly two years

Image: Shutterstock Image: Shutterstock HOUSING PRICES ROSE by 3.8% on average during the second quarter of 2022, with the average listed price increasing to €311,874, according to a new report.

The rural-urban gap in housing inflation continues to narrow, although rural areas are still seeing the largest increases. Outside the cities, prices rose by 11.4% in the year to June, down from a peak rate of inflation of 16.8% a year ago. In Dublin, the year-on-year change in prices was 6.6%, compared to just 3.4% at the end of 2021.The other cities have seen larger increases in prices in the same period, however: in Cork, prices were 9.

“On the supply side, the number of homes listed over the last twelve months has increased by 30% since early 2021, although it still remains 15% below the peak in 2019, while construction of new homes is set to reach a post-Celtic Tiger high this year.

DarraghOBrienTD MichealMartinTD LeoVaradkar doing a great job there lads. No matter what else you do in government this will be your legacy.

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