Asking prices for homes across the country rose at the fastest rate in almost two years in the 12 months to the end of June, new data shows.
According to the MyHome.ie Property Price Report, advertised prices nationally were up 7.3% with the median asking price reaching €365,000.
In the capital, the annual rate of asking price inflation was 7.2%, while outside Dublin it was 7.6%.In Dublin the quarter-on-quarter increase was 3.3% while outside the capital it was 6.7%. "Furthermore, the pick-up in the pace of asking price inflation has been broad based across Dublin and the rest of Ireland ."
The relaxation of the Central Bank mortgage lending rules for first-time buyers was also a factor, he said, with the share of first-time buyers with a loan-to-income ratio on their mortgage between 3.5x-4x jumping from 6% in 2022 to 36% last year.
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