House Prices Stabilising As De...


House Prices Stabilising As Demand Grows In Dublin

Aidan Delaney
Aidan Delaney

09:11 26 Sep 2022

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House prices are stable in Dublin, but have risen slightly in other cities.

The average price of a home nationwide is up 0.1% between June and September, compared to the second quarter.

In the capital, prices are 6% higher than a year previously, compared to a rise of 11.6% in Galway city and 11% in Waterford city. report author Ronan Lyons says the number of homes available to buy is up by over a fifth, with even more supply in Dublin.

"What we've seen is a big increase after a fall off during lockdown.

"During lockdown, it was very hard to put up a property because you couldn't get people to go and see that property.

"There has been a big increase in the availability of homes on the market over the last 12 months or so, particularly in the Greater Dublin Area."

Demand also dropped due to the cost of living crisis which also helped to keep prices relatively stable.

Mr Lyons says homebuyers are more hesitant and are holding off on their purchases.

"When we look and ask people what they think is going to happen over the next 12 months, as a way of capturing the strength of demand, people are more cautious now than they were 6 or 12 months ago."

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Cost Of Living Daft Dublin House Prices Ronan Lyons

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