One-in-seven Irish homes is now selling for 20% over the asking price, according to the latest MyHome.ie report.
In its latest report, the property website warns that asking prices are now rising at their fastest rate in two years.In Dublin, they are up 6.2%, while outside the capital they are rising even faster at 8.5%.Ireland asking prices. Image: MyHome.ie
It warns that Ireland would need an extra 206,000 homes to match the UK’s housing to population ratio. “We have not seen population and economic growth at this level since the Celtic tiger era, and as a result, the housing market is being put under intense pressure,” he said. “Our report shows that to ‘catch up’ with the UK’s housing stock would now require an additional 206,000 homes.”He noted that the number of homes Ireland would need to catch the UK has increased by 68,000 in the last four years.
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