Business Property & Mortgages

Thursday 17 October 2019

House price inflation continues to fall

Property price inflation has eased again as affordability increasingly becomes an issue for home buyers, particularly in the capital. Stock image
Property price inflation has eased again as affordability increasingly becomes an issue for home buyers, particularly in the capital. Stock image
Charlie Weston

Charlie Weston

Property price inflation has eased again as affordability increasingly becomes an issue for home buyers, particularly in the capital.

Prices rose 3.1pc in the year to April. But this compares with an increase of 3.8pc in the year to March, and an increase of 13.3pc in the year to last April, according to the Central Statistics Office.

It was the slowest rate of increase since July 2013. The rise in the month was just 0.3pc

There has been a big slow-down in property inflation in Dublin. Although prices are continuing to rise, the increases this year are at a much slower rate in the capital than last year.

In Dublin, prices rose by just 0.5pc in the year to April, with no change in house prices.

Economist with Goodbody Stockbrokers Dermot O'Leary said it was affordability, together with binding mortgage rules and a higher stock for sale, that continued to weigh on price growth.

Irish Independent

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