Annual asking price inflation for homes slows - Myhome.ie
Annual asking price inflation for Irish homes has slowed to its lowest rate in over three years, according to a new MyHome.ie report. While prices fell slightly on a quarterly basis, rental inflation remains high, making buying more financially attractive than renting.
Why it matters
The data provides critical insight into the cooling of the Irish property market and the ongoing challenges of housing affordability.
Agriculture & Consumer Affairs Correspondent
Annual asking price inflation for homes has slowed to its softest pace in over three years, according to a new housing report.
The latest property report from MyHome - covering the third quarter of the year - indicates that asking prices nationally between July and September were 3.9% higher than a year earlier, which was the lowest growth since Q2 2023, when the figure was 2.2%.
Continuing an established trend, the research found that yearly asking price growth in Q3 for homes outside Dublin (+2.1%) was considerably lower than for the rest of the country (+4.8%).
However, the report suggests that on a quarterly basis, asking prices fell by 1.4% nationally (-2.3% for Dublin, -1% for rest of Ireland).
According to MyHome, this means the median asking price for a home nationally was €390,000 for the July-September period.
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