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Rate of property price inflation has halved in the last 12 months

Jan 21, 2023 09:18 By Shannonside News
Rate of property price inflation has halved in the last 12 months
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The rate of property price inflation has halved throughout Ireland in the last 12 months.

That's according to a property price survey by the Irish Independent.

Increased building costs, interest rate hikes and the cost-of-living crisis contributed to cooling the market.

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Mark Keenan, property editor with the Irish Independent, says house price inflation surged during the pandemic.

The study found  a four-bedroom semi-detached house in Leitrim is expected to increase to two hundred and twenty thousand euro this year.

In Roscommon a three-bed semi-detached house in Roscommon town is two hundred thousand euro the survey revealed.

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Property prices are up 5 percent in Longford survey by the Irish Independent and it also found there is a real shortage of housing available in the county.

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