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Dublin house prices slowing, as others rise

A new property report shows that house prices are growing significantly outside of Dublin. The Da...
Newstalk
Newstalk

06.53 7 Jul 2015


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Dublin house prices slowing, a...

Dublin house prices slowing, as others rise

Newstalk
Newstalk

06.53 7 Jul 2015


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A new property report shows that house prices are growing significantly outside of Dublin.

The Daft.ie report for the second quarter says the commuter counties around the capital are seeing some of the strongest growth.

Prices are up 23% in Meath and 18% in Kildare compared to a year ago.

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In Dublin, the figures show prices rose by less than 1% between March and June.

The average increase in Dublin between March and June was 0.6%.

In Cork, prices rose by 4.4%, while in Galway they climbed by 3.8%. Limerick saw a 5.1% increase in prices and in Waterford they grew by 3.4% between March and June.

 
Source: Daft.ie

Outside the major cities prices were up 2.8% during the same period.

For the country as a whole, the average asking price for a house in Ireland grew by 1.9% in the second quarter.

This means that in all but one of the last seven quarters, the average price has risen nationwide - although the pace of growth has slowed from an average of 5% to less than 2%.

The average price nationwide is now €202,000 - compared to a low of €164,000 in mid-2013 and a peak of €370,000 in 2007.

Author and economist at Trinity College, Ronan Lyons, told Newstalk Breakfast the latest measures by the Central Bank are not working as fast as they could.


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