Irish House Prices: Interesting Findings in Daft.ie Report
The latest Daft.ie report is out and there are some very interesting findings with regards to Irish house prices and particularly how Dublin house prices compare with the rest of the country.
Interesting points in the report regarding Irish house prices and sales:
- House price inflation in Dublin fell from nearly 25% in mid-2014 to less than 3% by the end of 2015, while elsewhere in the country, inflation has risen from 2% to 13% in the same period.
- In Dublin transaction prices are now close to asking prices. The average transaction price in Dublin is 1.1% above its original list price, compared to 5.4% above a year ago.
- The housing shortage persists. Just 25,000 homes were on the market on December 1st this year, the lowest for this time of year since 2006.
- Good news is that Dublin properties are now selling faster. The fraction of properties finding a buyer within two months in the capital has risen from 35% in autumn to 42% by year-end.
The report breaks Irish house prices down by region and county.
Read the full Daft.ie House Price report.