In the market for a new home? If so, it might be better to make your move sooner rather than later; the national average asking price has risen to €210,000, compared to €198,000 a year ago.
According to the latest Daft report, the issue is a lack of housing: with fewer than 24,000 properties for sale, stock is now at its lowest point since 2007.
As detailed in the report, every month, roughly 2,000 new households are formed, each requiring somewhere to live, yet fewer than 1,000 new homes are constructed. In Dublin, the figures are even starker – nearly half of all new households are being formed in or around the capital but only 150 or so properties are being built each month in the city.
Prices outside the capital are rising faster than ever from an average low of €164,000, with only 62 houses for sale per 10,000 people outside of Leinster.
Are you planning to buy or sell this year? Let us know how the housing stock situation is affecting you on Twitter @HerFamilydotie.
