Affordability pushes asking prices up, and trend looks set to continue, according to MyHome.ie

'Fierce competition' in the last quarter is a bad omen ahead of the busy summer season before the market cools heading into the winter, suggesting that asking prices could climb higher

Average earnings and mortgage approval values rose by almost 5% in the period but there were just 12,500 properties listed for sale at the end of June, down 11% on 2023. Picture: Eamonn Farrell/RollingNews

National asking price inflation for a home rose annually to 7.3% by the end of June, the fastest rate of growth in nearly two years, according to a report by property website MyHome.ie. 

It found asking price inflation continues to be fuelled by a hot labour market in addition to poor supply and looser lending rules.