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New DAFT.ie Report Shows House Prices Rose By 8.5% Last Year

By fiodhna_hm

December 20, 2016 at 12:10am

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The latest report from Daft.ie has some pretty interesting findings.. 

House prices in Dublin increased by 2.7%, while in other places around the country annual increases were as high as 18%.

Screen  Shot 2016 01 04 At 08 07 55

Photo Credit: Daft.ie

Screen  Shot 2016 01 04 At 08 08 07

Photo Credit: Daft.ie

The housing shortages persist: just 25,000 homes were on the market on December 1st this year, the lowest for this time of year since 2006. Nonetheless, the outlook for the housing market looks much healthier now than it did in 2014. 

Perhaps most importantly, the mortgage rules mean that whatever else happens, house prices cannot engage in the destructive upward spiral that took place in the decade to 2006.

Ronan Lyons, Daft's in-house economist

2015q4 Sale  Mapofireland

Photo Credit: Daft.ie

Hopefully these provisions will ensure we don't make the same mistakes from previous years. You can read the full report here.

READ NEXT: How To Cope With January's Return To Reality.

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