The median asking price for homes in Dublin has reached €460,726, reflecting a significant rise of 12% compared to last year. A housing report from Daft.ie notes that price increases are largely attributed to a severe short supply of properties, with only 9,300 second-hand homes available. The current housing inflation rate in Dublin is 12.2%, the highest in eight years, and closely mirrors a similar spike in early 2017. As lending restrictions since 2015 have constrained buyer capabilities, prices are surging across Leinster and beyond, contributing to the ongoing affordability crisis.
Lending restrictions were introduced in 2015, limiting borrowers' capacity to secure financing, exacerbating the housing market's current inflationary trends.
Daft.ie reported that Dublin's property price inflation has risen to 12.2pc, with median asking prices reaching €460,726, the highest in eight years.
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