There is no respite for house hunters as house prices continue to rise, according to a new Daft report.The typical listed price nationwide is €340,398 - 6.7% higher than in the same period a year earlier and 35% higher than at the start of the COVID-19 pandemic.While the increase in the second quarter is broadly based, there are notable differences in price trends across the country.In Cork and Waterford cities the increase is closer to 10%.
Since the start of the year, there have been consistently fewer than 12,000 second-hand homes available to buy.The only other time the market has been as tight, in a series extending back to 2007, is the period January-May 2022. "There's a relatively clear relationship between the availability in the market and then what happens prices," he said."We've seen it time and again over the last 15 to 20 years; and with numbers very low now, if it was tight one would expect prices to go up, and they did".are likely a factor for the shortage of second-hand homes.
"They're staying in there until they roll off those low fixed rates and that's going to happen relatively slowly over the next two, three or four years.
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