Millennial housing crisis engulfs Ireland Three sets of figures confirm Republic’s fractious relationship with housing
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The average price paid for a home in Dublin in the past year was €462,098, according to the Central Statistics Office.
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“Housing exclusion” is how it’s referred to in the literature. It’s happening all over the world, young people, young families forced to pay over the odds for basic housing or to move further and further away from their place of work to find decent accommodation.
House price growth accelerates to 3.7% as Covid heats up market Latest figures also point to pick-up in transactions in March
about an hour ago
House prices grew by 3.7 per cent year on year in March – the fastest rate of growth recorded in two years – while property-related transactions jumped by 23 per cent.
The latest official figures show the market is continuing to experience a mini-boom brought on by Covid-19.
Prices in Dublin, where supply pressures are most acute, rose by 2.5 per cent over the 12-month period to the end of March while prices outside Dublin rose by 4.9 per cent.
At the outset of the pandemic, many had predicted property values would decline but a number of factors – increased savings, remote working, and ex-pats returning from London after Brexit – have triggered a pick-up in prices.