House price inflation to moderate to 3% next year, says Sherry FitzGerald

The increase in second-hand homes prices fell significantly compared to last year

In the first three quarters of 2022, there were approximately 41,940 sales recorded on the property price register (PPR).

Second-hand home prices increased by 5.7% this year, a notable slowdown on the growth of 9.6% recorded in 2021 and a further sign of price moderation in the housing market.

A new report from estate agent Shery Fitzgerald shows price growth continues to be stronger outside of Dublin, with average values nationally excluding Dublin rising 6.4% compared to 5.2% in the capital.