New figures show that national house price inflation surged to 6.3% in 2020, the fastest rate of growth in almost three years.
The latest house price report from MyHome.ie, which is published in association with Davy, found that annual asking price inflation rose by 6.3% nationwide, by 4.8% in Dublin and by 7.2% elsewhere around the country.
The mix-adjusted asking price for new sales nationally is €284,000. The price in Dublin is €392,000, while elsewhere around the country it stands at €238,000.
Newly listed properties are seen as the most reliable indicator of future price movements, Myhome.ie noted. It also said that today's figures confound warnings earlier in 2020 that the housing market could see double-digit price declines due to