Asking prices up nationally for first time since peak - Myhome.ie survey

Monday 30 June 2014 20.52
The website's managing director said the supply issue in Dublin will continue for some time
The website's managing director said the supply issue in Dublin will continue for some time

The latest survey from MyHome.ie shows the first national increase in house prices since the peak of the market almost eight years ago.

The survey also shows that house prices in Dublin rose for the fifth consecutive quarter.

The national average asking price grew by 1.3% in the past three months, according to the survey, while asking prices in Dublin were 4.5% higher.

While the figures show growth in national asking prices for the first time in almost eight years, the gap between prices in Dublin and the rest of the country has continued to widen.

The average national asking price is now €190,000, according to Myhome.ie, compared to €255,000 in Dublin.

The classified website's managing director Angela Keegan cites supply constraints as the main factor in rising Dublin prices.

She said the lag in addressing this issue means it will remain a factor "for some time to come".