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The fortunes of blue chip employers play a big part in the demand for homes in the west suburbs and in early 2024, the news from these is mixed.
Prices in Cork city centre are up by 5pc on a year ago. Thanks to interest rate increases, the pace eased down somewhat from the 7pc inflation hike experienced in the previous year.
House prices in North County Cork are up 3pc on a year ago and as is the case in other parts of the country, the supply of homes is currently very tight.
Prices in the north suburbs are up by 7pc year-on-year with some notable improvements to the infrastructure of the district that was historically home to Cork’s merchant classes.
Prices are up 7pc in the south suburbs, somewhat lower than the 9pc experienced in the previous year but still a substantial challenge for those who hope to buy here in the year ahead.