Housing prices 2.2% higher than this time last year

THE AVERAGE ASKING price for properties on sale is 2.2% higher now than it was this time last year, with an even steeper rise outside of Dublin than in the capital.

Meanwhile, the average mortgage approval for first-time buyers hit a new record high in May of €298,600, up 3.5% on last year. Read Next Related Reads Population rise from Census to feed into increase in Government's housing targets “The average approval for house purchase was €298,600 in May, up 3.5% on the year. Despite the European Central Bank’s rate hikes, homebuyers are still taking on more debt, pointing to upward pressure on house prices in H2 2023.”

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