Property prices up by close to 10pc in October - the 14th month in a row of rises

The Central Statistics Office reported a significant increase in property prices, marking a 9.7% rise in the year to October, exacerbating challenges for first-time buyers.

With property prices on an upward trend for 14 consecutive months, the combination of limited supply and increased competition is pushing many first-time buyers out of the market.

Dublin saw a considerable rise in property prices, with a 10.4% increase, while regional markets like the Border experienced even higher growth at 14.4%.

The ongoing pressure on homebuyers is further intensified by favorable mortgage rates, recently averaging at 4.03%, encouraging investment despite the high costs.

Read at Irish Independent