House prices in Ireland are soaring, especially in Dublin, driven by low supply and high demand.

House prices in Ireland's western counties are rising twice as fast as those on the east coast, with Dublin homes averaging over €600,000. Shortages of homes have led to bidding wars, with prices rising by €50,000 over asking prices. The government's Housing for All plan aims to address the crisis by increasing supply, while the First Home Scheme has been extended to help first-time buyers. Estate agents predict a 6% rise in prices next year, driven by low supply and high demand.

3 months ago
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