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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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Ffg and thier election bull has no ends
There is no end to what this government will do to try win votes. I hope people can see through this and vote these guys out for ever. These guys can only have their own greedy interests at hand. Remember the little kids in hospital with terrible pain from scoliosis and the money that was squandered on the bike shed and the RTE bail out and the most expensive hospital in the world that facilitated a developer to have an ever ending cash cow from this government. It’s a pity we don’t have laws like they have in America where these crooks would be in jail.
@Dave Barrett:
I think strengthen the Pedo laws should be a priority
before the election.
Just in case.
FF FG GP Bribery and Corruption Specialists .
@Jim Ryan:
Bribe away if it puts money in the people’s pockets
PS
IRELAND 15th on the list of LEAST corrupt counties in the world.
@H Woo: 193 countries in UN
Micheal Martin, trying to bankrupt the country a second time. It’s the fiannna fail way.
@Michael o connor: ffg one party, one agenda.
@Colette Byrne:
Sin. Fein, the one trick pony party.
@Michael o connor:
Sin Feins proposed spending over the years when added up would have wiped out the middle income families with the tax increases needed to finance their waffle.
Again, not targeted. Oh we do love giving away money, esp when it’s not theirs to give away. People need to wake up.
It’s a few years since we protested at Shannon Airport !!!!!!!
@Elizabeth Doyle:
Who cares?
Cue, the schools will exploit an opportunity to introduce a new voluntary charge, just wait!
More bribery, more freebies, more welfare handouts, more Hamas appeasement, more anti-West nonsense, more wacky environmental policies, more disrespecting of America, does this government have no end to their terrible policies? Is Simon Harris allergic to supporting any sort of policy that isn’t left-wing? This current government has been nothing more than a Statist leach, mooching off the taxpayer and their money. At some point, the people of Ireland will wake up and realise that they are being screwed over, but it looks like they are blinded once again and continue to stab themselves and their wallets in the chest. Harris and Varadkar are up there with Jack Lynch and Garret Fitzgerald as the person who was the worst Taoiseach in our nation’s history.
@Frank O’Hara:
That’s it, get it all up, yill be grand.
@H Woo: You haven’t offered any sort of coherent rebuttal to what I said. Is that because you know that I’m right?
Recognising Palestine is so hypocritical when aeroplanes carrying war equipment flies over Irish airspace and Shannon is used as a stopover.
@Hector turtlehead:
Good to see we play our little part keeping the the free world free
Fantastic news well done government
I see the Sinn Fein (kangaroo cult) bots are creeping back out
@John Nolan: You must have great eyesight to see them in the herds of pro FG & Trump bots …. Weird you haven’t noticed them !! FG supporting Trump bots man.. Like they do stand out, considering FG has always tried to liken SF and their supporters to Trump and his supporters in an attempt to smear them.. but now it’s a good thing when FG bots are supporting Trump bots ..
have your say