Latest report shows house prices up nearly 11%

The median asking price for a house stands at €320,000 nationally while in Co Cork the median price is €265,000.

Average mortgage approval surpassed Celtic tiger levels for the first time, increasing by 9.4% on the year to €283,700. Picture: Leah Farrell / RollingNews.ie

Increasing interest rates, affordability concerns, and rising interest rates will result in a decline in the demand for houses during the second half of the year according to a quarterly house price report released by MyHome.ie today.

The Q2 2022 report, in association with Davy, found that annual asking price inflation was recorded at 10.9% nationwide and 6% in Co Cork.