The rate at which resale house prices are rising outside Dublin has increased.
Prices have risen by 6.8% nationally in the 12 months to June, according to the DNG National Price Gauge.
This rise has been attributed to a lack of supply and strong demand from first-time buyers over the past year.
Fastest increases
DNG Group Director of Research Paul Murgatroyd described where home prices are rising the most.
“We've seen the fastest price increases in the Mid- West region, where they've risen by 8.5% in the year to June,” he said.
“Also in the Mid-East, which includes the hinterland around Dublin, where prices have increased by 7.5%. So, price growth on an annualized basis is certainly accelerating.”
Dublin house prices
Mr Murgatroyd noted that prices in Dublin are also on the rise.
“The national annual inflation rate is increasing with each passing quarter, and the same trend is observed in the Dublin market, where the average home price has risen by 6.4%,” he said.
“National prices and Dublin market prices are rising at approximately the same rate currently, driven by strong demand and limited supply in the resale property markets.”
