In this edition of Her Money Diaries, we meet Gigi from Galway City, whose family lost all their money in the recession Welcome back to Her Money Diaries, our new financial series that discusses the money woes and wins of the woman of Ireland. This week’s Money Diary, we’re taking a look at Gigi from […]
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House prices in Ireland have fallen for the first time in three years in year-on-year terms, according to a new report.
The latest Daft.ie report found that house prices in the second quarter of 2023 were 0.5% lower than the same period in 2022.
The report also says that the average listed house price between March and June 2023 was €309,648, up 2.4% from the first quarter of the year.
However, it was slightly lower than this time last year and one-sixth below the Celtic Tiger peak.
Dublin prices were on average 0.6% lower than a year previously, with the city centre experiencing a 2.7% drop while Cork and Galway cities saw larger falls in year-on-year terms, of 3.3% and 2.1% respectively. However, Limerick city saw a price rise of 1.1% higher than a year ago.
The number of homes available on the market is also up this quarter, at just over 13,000. That marks a 5% increase on the same date last year, however, it still massively lags behind the 2019 average of 24,200.
Average list price and year-on-year change – major cities, Q2 2023