The common worth of a house in Eire has been revealed

Home costs in Eire have fallen for the primary time in three years in year-on-year phrases, in response to a brand new report.

The most recent report discovered that home costs within the second quarter of 2023 had been 0.5% decrease than the identical interval in 2022.

The report additionally says that the common listed home worth between March and June 2023 was €309,648, up 2.4% from the primary quarter of the 12 months.

Nonetheless, it was barely decrease than this time final 12 months and one-sixth beneath the Celtic Tiger peak.

Dublin costs had been on common 0.6% decrease than a 12 months beforehand, with town centre experiencing a 2.7% drop whereas Cork and Galway cities noticed bigger falls in year-on-year phrases, of three.3% and a pair of.1% respectively. Nonetheless, Limerick metropolis noticed a worth rise of 1.1% increased than a 12 months in the past.

The variety of houses obtainable in the marketplace can be up this quarter, at simply over 13,000. That marks a 5% enhance on the identical date final 12 months, nevertheless, it nonetheless massively lags behind the 2019 common of 24,200.

Common checklist worth and year-on-year change – main cities, Q2 2023 

  • Dublin Metropolis: €424,732 – down 0.6%
  • Cork Metropolis: €320,793 – down 3.3%
  • Galway Metropolis: €345,460 – down 2.1%
  • Limerick Metropolis: €253,581 – up 1.1%
  • Waterford Metropolis: €225,967 – down 0.5%
  • Remainder of the nation: €260,905 – down 0.2%