MyHome asking price inflation accelerates to 6.5% in Q1 2024

The Bank of Ireland/MyHome report on the Irish housing market was published this week. The clear message was that Irish house price inflation has regained momentum in early 2024, following the slowdown and brief period of falling house prices in 2023. Asking price inflation is now running at 6.5%- the fastest pace in eighteen months. The market is also exceptionally tight, just 10,935 homes were listed for sale at end-Q1 2024, a fresh historic low. The average time to sale agreed at 15 weeks is also close to a record low. Hence, we now expect Irish house prices will see a gain of 4% through 2024.

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Bank of Ireland Economics Weekly 12 April 2024