Dublin’s housing market is showing a trend that has not been seen since 2013 and is not consistent with the rest of Ireland. MyHome.ie concluded that the annual asking price inflation has declined 2.4% nationally in the 2nd quarter of 2019. The annual asking price inflation is at its lowest level in five years. When solely concentrating on Dublin, they fell .6 % which marked the first time Dublin has been negative since 2013 with respect to asking price inflation. Asking prices are continually growing, but at smaller rates than historically. Nationally asking prices increase by 2.1% in the 2nd quarter this year. Dublin’s asking prices grew slimly at .5% which marks the weakest 2nd quarter gain since 2013.
The report also found that the median asking prices for new sales grew by 5,000 euros to 276,000 euros and Dublin grew by 2,000 to 382,000 euros. Experts use newly-listed properties as a reliable indicator into predicting future price movements. Conall MacCoille who authored the report and is the chief economist at Davy, commented on falling prices causing much fear towards …