Asking price inflation eases to 6% amid greater supply

The report noted that the number of homes available to buy on December 1st stood at just over 15,200, which was up a third on the same date the previous year."Given that the market pre-Covid19 was effectively in balance, with a slight fall of 1.2% during 2019, the sales market in Ireland was not over the course of the last 12 months one where supply was adequate to meet demand," Ronan Lyons, Economics Professor at Trinty College and author of the reports for daft.ie said.

"Any loss of supply, though, takes time to be replaced and while the flow of properties onto the market has almost fully recovered, availability - at just over 15,000 homes on December 1st - remains closer to the pandemic low than the pre-pandemic level," he added.

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Housing demand may be ‘cooling’ despite 6% increase in asking prices - DaftAsking prices for homes increased by 6 per cent nationally last year despite evidence of a slowdown in the second half of 2022 Prices are beyond what market will bear..... except of course for State with bottomless purse engaged in market and keeping prices up. Not rocket science DarraghOBrienTD and IRLDeptFinance keep it going....can we see change in this de facto unspoken policy under mmcgrathtd 🤞 Of course it’s cooling. Will take off again in about Sept 2023
Source: IrishTimesBiz - 🏆 6. / 77 Read more »