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Housing supply at worst level for 50 years as prices exceed boom-time levels

And in further signs of a dysfunctional market, prices in some parts of the country are rising at a faster pace than during the boom – while in the capital they have flatlined.

According to June’s Irish Independent/Real Estate Alliance Average House Price Index, the average three-bed semi now costs €195,361. It is an increase of over €4,000 (+2.18pc) since the end of March, or 4.49pc against the same time last year.

Sale prices of average semi-Ds soared as much as 14pc in Roscommon, 8pc in Laois and 7pc in Kilkenny, while there were no price rises in Cork City or north County Dublin.

Read the full details in the Irish Independent.

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