House prices in Dublin city have increased by 6.6 per cent in the last year, with the average price now €429,000.
Prices in the capital in the third quarter of 2021 were 7% higher than a year previously, compared to a rise of 9% seen a year ago according to the latest daft.ie report.
In west Dublin the average listed price is now €351,000, compared to €666,000 in the south of the county.
The average listed price nationwide in the second quarter of 2022 was €311,874, up 9.5% on the same period in 2021. Prices rose by 3.8% on average between March and June, the largest three-month gain in nearly two years.
Trinity Economist and author of the report, Ronan Lyons, says prices aren't going up as quickly outside of Dublin as they were during the pandemic;
"That gap is still there but it's much narrower. So if you look say at Dublin, inflation in Dublin is about 6.6% year-on-year, in Cork it's 9.4%, in the rest of Munster it's 10.4% so that gap between Cork city and Munster outside the cities is very small."
The number of homes available to buy on June 1st stood at just over 12,400, up from an all-time low of just 10,000 three months earlier. Improved availability is being driven by Dublin where stock for sale is up 4.5% year-on-year.
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