National house prices rise for first time in eight years

The national asking prices for houses have risen for the first time in eight years.

According to MyHome.ie, the national average is up by 1.3% between March and June, with Dublin up by 4.5%.

The report's authors say that while the recovery in national prices is encouraging, the gap between Dublin and the rest of the country is continuing to widen.

Managing director of MyHome.ie Angela Keegan agreed prices were rising a too fast in Dublin due to high demand:

"A lot of people in their early 30s who didn’t buy in the last few years are now looking to set up home, so there's a lot of competition for the homes coming to the market," she said.

"That 's why we're seeing prices continuing to increase, a little faster than we would like in the Dublin market."

  • Click to stay connected with more stories like this
  • Sign up here to receive news by email. Once per day, no spam.

Most Read in Ireland