Irish house prices continue to surge as supply reaches new low

Irish house prices are forecast to rise byc close to 4% this year, according to a Bank of Ireland economist. Picture: Andrew Matthews/PA

House price inflation has gained momentum while supply struggles to meet chronic demand, according to a report by property website MyHome.ie.

National asking prices have climbed 6.5% in the last 12 months, the fastest rate of growth since the last three months of 2022, despite falling consumer price inflation in a high interest rate environment.