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Irish home prices rose 5.9% yearly in September, driven by higher rates and modest supply growth.
Ireland's housing market is cooling, with house prices rising 5.9% year-on-year as of September 1, according to a Daft.ie report, driven by modest supply increases and higher interest rates.
The number of second-hand homes for sale reached 11,925, up 1% from a year earlier but still well below pre-2015 levels.
Dublin saw the slowest growth at 4.5%, while regions outside Dublin, particularly Leinster and Connacht-Ulster, saw higher increases.
The average three-bedroom semi-detached home cost just over €421,000 nationally—39% above pre-pandemic levels and 10% below the Celtic Tiger peak.
Experts say sustained new construction and a stronger second-hand market are essential for long-term stability.
Los precios de las viviendas irlandesas subieron un 5,9% anual en septiembre, impulsados por tasas más altas y un modesto crecimiento de la oferta.