House prices are continuing to rise and thats no surprise to anyone out there who is looking to purchase their first home or sell their old one.
This morning both Daft.ie and MyHome.ie published reports showing that the divide between Dublin and the rest of Ireland persists, but that the prices are only going one way. Here in Dublin prices are up 1.1% in the last year, compared to a rise of 10.2% on average outside Dublin. Compared to three months ago, there has been a slight uptick in inflation outside the capital. On the whole, prices across the country rose 6.3%.
The national average asking price in the second quarter of 2016 was €215,000, compared to €202,000 a year ago and €164,000 at its lowest point. In Dublin, prices have risen by an average of €94,000 – or 42% – from their lowest point in mid-2012. The average asking price for a house in Dublin city is now €314,311.