Not good news for buyers.
Some home buyers are paying up to 20% more for a property compared to this time last year.
A new report from Daft.ie shows the average house price now stands at €284,000
Figures show that listed prices have risen at a much faster rate outside Dublin than in the capital.
Nationally house prices have risen by 13%, but in areas such as Kerry and Waterford, prices have increased by as much as 21%.
Property prices by the coast are now 23% more expensive than before the pandemic - this compares to a national average increase of just 8.7% in the same period.
Read the full report:https://t.co/8p5DW5kHHi#daftreport #irishcoast #coastalliving pic.twitter.com/nnLcuD3LBL
— Daft.ie (@daftmedia) June 17, 2021
Source: Twitter (@daftmedia)
But while asking prices are increasing, the supply of homes has remained constrained.
According to Daft.ie, the total number of properties available to buy on 1 June was just above 12,300.
That was up slightly from the 11,900 recorded in March, but remains one of the lowest figures recorded since the advertising of properties for sale online first began.
The number mortgages approved in April 2021 was almost double the amount of approvals in the same month last year, new figures show.
According to figures from the Banking & Payments Federation Ireland (BPFI), 4,362 mortgages were approved in April this year compared to 2,200 in April 2020
