House price inflation 'cooling' in cities but rural prices still pushing upwards

Report shows a 'two-speed' market with rural price inflation continuing upwards

House price inflation in Ireland’s cities has slowed considerably with transaction prices “flat” but rural house price inflation is continuing upwards, new data released on Tuesday shows.

House price inflation in Ireland’s cities has slowed considerably with transaction prices “flat” but rural house price inflation is continuing upwards, new data released on Tuesday shows.

The Daft.ie Sales Report for the second quarter of the year house shows prices nationally were 1.6% higher in June than three months earlier, and 3.8% higher than a year ago. This marks a considerable slowdown in inflation compared to a year ago, when list prices were rising at 6.8% year-on-year, the report said.