Government policies have been cited as the main reason the cost of new houses is rising faster than those of second-hand homes.
Prices of new houses shot up by 10pc in the last three months of last year compared with the same period in 2021.
This is despite rising mortgage rates and new buyers being given smaller home loans as inflation eats into their repayment capacity.
Second-hand house prices were up 8.3pc last year, according to the Central Statistics Office (CSO).
The increase in the cost of new homes accelerated in the last quarter of last year. In the three months to December, new house prices were up 3.5pc compared with the previous quarter, when apartments were excluded.
Read the full details in the Irish Independent
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