Housing prices are soaring in Ireland: in a year, the prices have risen by almost 10% 2022
Housing prices are soaring in Ireland: in a year, the prices have risen by almost 10% 2022

Housing prices are soaring in Ireland: in a year, the prices have risen by almost 10%

The real estate market in Ireland has seen a significant increase in prices. According to experts, this trend is associated, among other things, with an expected inflation.

During the second quarter of this year, from March to June, housing prices in Ireland rose by 3.8%. Such a three-month rate has not been seen in almost 2 years. Such data is provided in the latest sales report Daft.ie.

If you look at the changes over a one-year period, the cost of housing compared to 2021 «rocketed» by 9.5%. The average price of apartments in the country now — €311,874. This, incidentally, is only 16% lower than the peak of the «Celtic Tiger».

As a side note. «Tigers» refers to states that demonstrate super results in the economy — more than 5% a year. In the 1990s, Ireland became the first «tiger» in Europe. Thanks to smart reforms, it overcame poverty in a decade and became a global cluster of high-tech industry. It is also commonly described as Ireland’s economic miracle. 

Among the major Irish cities, the leaders in the growth of housing prices are Galway and Waterford. In Galway, the average cost of apartments is €352,605, an increase of 13% compared to last year. In Waterford, the average price tag is €226,635, an annual increase of 13.5%. 

As for housing in the capital, Dublin, it rose in price by 6.6%. For comparison, at the end of 2021 it was 3.4%. At this point, the average price of apartments on the market is €429,384. 

The greatest progress is seen outside the cities: prices in the countryside increased by 11.4% year-on-year.

Share using
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree
You have questions?
You have questions?
Get advice from our managers
_account_m_fio_3
Elena Khotsko
Phone number
2
WhatsApp
Yusuf<br> Makka
Yusuf
Makka
Phone number
+375296748420
WhatsApp
Konstantin<br> Dvorak
Konstantin
Dvorak
Visa
Visa Secure
Masteracard
Masteracard Check
Belkart
Belkart Pass
Apple Pay
G Pay
BePaid
Mir
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree