National asking housing prices up 7.5% over the year, says new report [Video]

A NEW REPORT has found that national housing asking prices are up 7.5% over the year – the highest level of annual inflation in two years. 

The latest quarterly house price report by MyHome.ie in conjunction with Bank of Ireland lays out a number of factors putting pressure on the housing market in Ireland. 

Of the homes available on MyHome.ie, one in 7 (14%) sold for 20% over the asking price. 

Annual asking price inflation in Dublin is now 6.2% and the rate has accelerated to 8.5% in the rest of Ireland. 

In the report of the properties available on MyHome.ie, the median asking prices for homes nationally was listed as €365,000. In Dublin, the median price is €455,000, while outside of Dublin, the median price is €365,000.

Asking prices for a three-bed, semi-detached house, alongside the annual changes in price, according to MyHome.ie. MyHome.ie MyHome.ie

The report found that pay growth …