Ireland's Home Price Appreciation Slows in 2019

Posted by Staff Reporter on Aug 06, 2019 02:28 AM EDT
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Ireland's Home Price Appreciation Slows in 2019 (Photo : pexels)

According to Daft.ie latest Ireland Sales Report, home prices in the second quarter of 2019 were 3.7% higher than a year previously, the lowest rate of inflation since late 2013. The average price nationwide in the second quarter of the year was €263,000, up 0.9% on the first three months of the year.

Despite the slowdown in inflation, the average price nationwide is now 60% higher than its lowest point in 2013. In Dublin, prices fell by 0.8% in the second quarter of 2019, and annual inflation is now at just 1.2%, its lowest level since early 2016.

Inflation has also cooled significantly in the four other main cities, with year-on-year increases of 4.4% in Cork and between 6% and 7% in Galway, Limerick, and Waterford. 

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