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HOUSE PRICES ROSE in the first three months of the year and are expected to keep going.
That is according to the latest house price survey from MyHome.ie in association with Davy.
Having declined towards the end of 2015, asking prices for newly listed properties for sale rose by 2.1% nationally and by 0.9% in Dublin in the first quarter of the month.
This is the first gain in Dublin since the first half of 2015 and follows two quarters where prices declined marginally.
The report predicts Irish house price inflation will register another solid gain of close to 5% in 2016, with the rest of the country leading Dublin, due to affordability constraints in the capital.
The mix-adjusted asking price for new sales nationally is €220,000, an increase of €5,000 on the last three months of 2015, while the corresponding figure for Dublin is €315,000 – an increase of €2,600.
For the entire stock of properties listed for sale on the website the national mix adjusted figure is €208K, while in Dublin the figure is €290K.
The author of the report, Conall MacCoille, Chief Economist at Davy, said a key factor supporting house prices this year will be a tighter housing market.
“The stock of properties listed for sale on the MyHome website in the first quarter fell to a fresh low of 21,650, down 6% on the year. Despite popular opinion, the immediate impact of the Central Bank lending rules was to make it easier to buy as sellers anticipated the slowdown in Dublin house prices and decided to bring their properties to the market in 2015.”
Of the 48, 374 residential property market transactions recorded in 2015, just 35% (16,893) exceeded €220K. Of these, Dublin accounted for 60% or 9,987.
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Moscow Mick. The champagne socialist who rails against the west and capitalism yet he’s a failed bankrupt who owns three wine bars. A stooge for dictatorships across the world. You couldn’t make it up!
@David Wool: and hid mate ms Daly is also a fan of Mr putin
@David Wool: don’t forget the cheateau and vineyard..
@David Wool: he was probably on that refugees welcome march too
Ahhh mick.me old flower… nobody anywhere believes anything you say any more…
Best you heat east and live in Russia where you can become the putin fanboy you always wanted to be……
@David cotter: Did anyone ever believe him, David ….
@Anne Busher Collins: ahh…meh….. he had some good ideas at the beginning But greed and power went to his head…now his a laughing stock across the continent….
@David cotter: Mick challenges the status quo and isn’t afraid to go against the virtuous left. It’s refreshing to hear a different side at times.
@Ciarán O’ Donoghue: ciaran stop…just stop..nobody want to here that imperialist deluded crap mick spouts….I’m all for taking on the left and I’ve contemp for the status quo ,micks not the man
@David cotter: Emm. What about all the contractors who were left owed thousands when his construction business went bust
@David cotter: did he ever pay the money he owed his works and the tax Man….
@Dave Ryan: I think DJ Carey is paying it for him !!!!
Wouldn’t trust that man under any circumstances
A sloppy embarrassment of the bertie ahern ilk.
Mick , you make pour decisions but you are here for the right riesling, sip happens but how Merlot can you go? Don’t worry, where there’s a wine there’s a way.
The greatest joker in the pack. His membership of the EU Parliament give him the platform to really make an ass of himself. You do not see him rushing to give interviews to Irish media. Just buy a one way ticket to Moscow and go forward as a candidate for the Kremlin.
Ireland deserves better than this yob who cares only about himself.
It’s all right Mick!, sur aren’t you only doing what the rest of them are doing. Lesson learnt.
Beggars belief who votes for this guy
Can anyone narrow down the dates in which the next elections for MEP’s are due (2024)? The next Dail general election is due by the latest March 2025. So if Wallace fails to get re-elected as an MEP, there is a possibility that he could run for TD again, unless an early general election is called. Considering who the Irish public have frequently or repeatedly re-elected to the Dail, I wouldn’t rule out Wallace’s opportunistic political career being ended anytime soon.
Absolute cowboy
Nothing changes. They are all the same
He’d be all over someone else if they did the same but just fobbing it as a ‘mistake’ by himself. When will folk cop on to the fact he’s a liar and scammer.
Nothing changes. They are all the same
Maybe take Bertie on for the park.
Make great TV for all the licences holders
Nothing changes. They are all the same
@Michael Phillips: You can say that again.
A Leopold never changes his spot’s
have your say