House Price Slowdown Recorded...


House Price Slowdown Recorded For 2023

Emma Tyrrell
Emma Tyrrell

09:41 2 Jan 2024

Share this article

House prices rose last year, but by the smallest margin since 2019.

The end of year report by shows the average house price nationally in the closing months of 2023 was just over €320,000.

That's a 3.4 per cent rise. In Dublin it was just 2 per cent while Limerick saw a 9 per cent rise.

The number of homes available to buy nationwide on December 1st stood at just over 11,100. This is down 27% year-on-year and is the lowest since March 2022.

It is also less than half the 2019 average of 24,200.

Commenting on the report, its author Ronan Lyons, economist at Trinity College Dublin, said:

"Having increased dramatically in the second half of 2022, the availability of homes fell throughout 2023. The number of homes on the market is now at levels only previously seen during the pandemic. With price inflation easing off even as the number of listings is down over 10%, this suggests that the dramatic change in market conditions over the past 18 months is taking its toll."

Follow @98FM on Twitter for the latest Dublin news

Share this article

Read more about

Daft Dublin House Prices

You might like