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House Price Increases Are Slowing In Dublin


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A new housing report says house price increases are slowing in Dublin compared to the rest of the country.

According to MyHome.ie prices for newly-listed properties are up 8.2% in the capital over the past year, compared to 9.5% nationally.

In the first quarter of this year, Dublin prices rose by 3.3% - compared to 4.8% nationally.

However, the median price for new sales in Dublin is €345,000 - compared to €210,000 outside Dublin.

Conall MacCoille - chief economist at Davy, and author of the report - says that while housing supply is still a problem, the situation is slowly improving.

He observed: "Things are getting a little bit better, but still well behind demand.

"If we look at the number of properties listed for sale on the website, it's broadly flat on the year. But actually in Dublin the number of properties listed for sale are up 20%.

"If you look at the number of new developments listed for sale, again they're up 24%. So finally, after years where effectively very few homes were being built, you're beginning to see the new supply of new homes."


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