Ireland Home Prices Uptick 7.7% in 2021
March 07, 2022 - Ireland
According to the latest sales report from Daft.ie, Ireland housing prices rose by 7.7% on average during 2021. The average price nationwide in the final quarter of 2021 was €290,998, up 0.6% on the third quarter of 2021.
While 2020 saw similar rates of inflation across the Irish housing market, significant regional differences emerged during 2021. The smallest increases were in urban areas. In Galway city, prices rose by 1.6% during the year, while in Dublin, prices rose by 3.4%. In Cork city, prices rose by 5.5% while in Limerick and Waterford cities, the increases were 6.4% and 7.5% respectively. But outside the five main cities, prices rose by an average of 11.5% during 2021. The increase in Munster (outside the cities) was 9.2%, while in Leinster excluding Dublin, prices rose by 11.9%. The largest increase in prices in the country was seen in Connacht-Ulster, where prices rose by 14.6% during 2021.
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blog, Ireland, Home price