DAFT HOUSE ASKING PRICES
DECEMBER 2015 REPORT
House prices outside the Dublin area are still increasing rapidly, the latest DAFT property report
for December 2015 indicates today.
In a complete turnaround to 2014, it is now the Irish capital that is experiencing relatively small price increases, rather than the rest of Ireland.
Although other property commentators are adopting a " still too early to tell" approaches to the new Central Bank mortgage restrictions on the Irish mortgage market, Ronan Lyons, Daft's in-house economist
and the author of the latest Daft report, has stated:
" The dramatic slowdown in Dublin house prices in 2015 shows how effective the Central Bank rules have been."
Nationally, house asking prices increased by an average of 8.5 % during the year 2015, with a definite divide between Dublin house asking prices (increasing by 2.7%) and other Irish counties rising by dramatically more, up by over 18 % in some counties.
Housing stock for sale at the moment is at a 9 year low. On Daft at the moment, there are 25,000 houses for sale with a national asking price for the final three months of € 204 000, which can be compared with average asking prices of € 188000 in 2014.
As another indication of the present state of the Irish property market, recent Daft property website figures suggest that, if you put your house on the market now, you have an almost 60% chance that it will be sold within a period of less than 4 months.