House prices in Ireland have seen significant increases, with Dublin's prices rising by 10.3% and the median house price now at €340,000, indicating a continuing upward trend.
The analysis reveals that an increasing affordability gap is affecting many buyers, particularly two-income couples, who find themselves priced out despite government support schemes.
Despite acknowledging that prices are excessively high, real estate agents anticipate further increases in property prices, highlighting a persistent expectation for growth in the market.
The residential property market saw a year-on-year increase in new home prices by 7.4% and second-hand homes by 8.6%, continuing the trend of rising costs.
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