Mortgage asking prices rise as market stabilises

A new report by property website MyHome.ie and Davy stockbrokers suggested that home buyers are still taking on more debt despite European Central Bank’s interest rate hikes.

In Cork City, asking price growth was muted, at 2%. Picture: Aerial.ie

Home buyers were hit with a 4% rise in asking prices in the June quarter, following three consecutive quarterly declines, as the property market stabilises.

A new report by property website MyHome.ie and Davy Stockbrokers suggested that home buyers are still taking on more debt despite the European Central Bank’s interest rate hikes, which could lead to upward pressure on house prices in the second half of the year.