House-price inflation has reached its highest level in 10 years, according to the latest report by Daft.ie. Prices rose nationally by an average of 3pc during the second quarter of this year.
With the average listed price now at more than €357,000, prices are 12.3pc higher than this time last year and 40pc higher than at the start of the pandemic. The rate of inflation in the housing market is now at its highest level in the decade since mortgage market rules were introduced.
Ronan Lyons, the author of the Daft report and economist at Trinity College Dublin, said this level of inflation in the market had not been seen since the first quarter of 2015.
Read the full details in Irish Independent
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