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Commenting on the recent CSO House Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said the results broadly concur with those reported by IPAV auctioneers which showed prices increasing in the latter part of 2023.

There has been a 2.44 percent overall increase in home prices in the latter half of last year by comparison with a 6.35 percent figure for the previous six months, according to IPAV’s residential property price barometer published recently.

As house prices continue to escalate with the recent CSO House Price Index showing an annual increase in February of 16.8 per cent for properties outside Dublin and 13.5 per cent in Dublin, Brokers Ireland has said the market is almost back to the level house prices reached at peak in 2007 - with prices outside of Dublin just 3.9 per cent short of where they were then - and Dublin just over 10per cent behind peak.

As house prices continue to escalate - with the recent CSO House Price Index showing an annual increase in January of 16 per cent for properties outside Dublin and 13.3 per cent in Dublin - Brokers Ireland said the prospect of an increase in interest rates is a real worry for many existing and aspiring home buyers.

Commenting on the CSO Residential Property Price Index for February, Brokers Ireland has stated that a further rise in property prices, this time a jump from 2.6 percent to three percent between January and February, reflects the strong demand amid decreasing supply – the latter down eight percent month-on-month in February.

Commenting on the recent decision by the Central Bank to leave the mortgage rules unchanged, IPAV, the Institute of Professional Auctioneers and Valuers, warned that the severity of the rules are “storing up very deep problems for society that will have terrible consequences into the future.”

Commenting on the most recent CSO Residential Property Price Index for September IPAV, the Institute of Professional Auctioneers and Valuers, said while the number of dwelling purchases in September was up on August the level of transactions at 3,193 is “paltry” with just over 19 percent of these being new dwellings.

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