HOUSE PRICES ROSE by 2.4% on average during the first three months of 2022, according to property website Daft.ie, with the average listed price at €299,093, which is up 8.4% on the same period in 2021.Increases remain smaller in urban areas, compared to rural areas, although the gap is narrowing.In Dublin, Cork and Galway cities, prices in the first quarter of 2022 were roughly 4% higher on average than a year previously, while in Limerick and Waterford cities, the increases were 7.6% and 9.
Meanwhile, MyHome.ie’s quarterly report tells a similar story: the annual asking price inflation accelerated to 12.3% nationwide, and was 8.6% in Dublin and 14% elsewhere around the country. This means the median asking price for new builds is now €295,000, while the price in Dublin is €385,000 and elsewhere around the country it is €245,000.