Affordability is declining faster than in the US, UK, Australia, Germany or Spain, says Savills
CSO figures show that Irish residential property prices are now 8.6 per cent higher than this time last year, with prices in Dublin rising by 9.3 per cent. Photograph: Yui Mok/PA Wire
“At present, we are running to stay still and a more aggressive approach to promoting new housing supply is warranted compared to our peers.”Irish house price inflation edges closer to 9% with average prices well ahead of 2007 boomLandlord not responsible for money scammed from Brazilian tenants, RTB tribunal rules
Nationally, the median price of a home was €337,500 over the 12-month period to June, the CSO said, up from €335,000 in May. In Dublin, the median price was €451,000, rising to €630,000 in Dún Laoghaire, the most expensive local authority area for housing in the State. Longford, at €169,000, had the lowest median price.
Sinn Féin housing spokesman Eoin Ó Broin said the continuing high rate of house price inflation was “ further evidence that the Government’s housing plan is not working”. “Progress has undeniably been made, yet the scale of the housing crisis remains large,” Mr Ring said. “It is evident that the market requires significantly more stock across the country to meet demand for both sale and rental properties nationwide.”
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