INFOGRAPHIC: New rules cool housing market

Mortgage rules introduced by the Central Bank earlier this year are already affecting consumer sentiment and house prices, a report on the state of the property market claims.

Property website Daft.ie today published its House Price report for the second quarter of the year, and has found that both the growth in prices and expectations have dampened since it was announced that non-first time buyers would require a deposit of at least 20% of the value of the property.

The report states that the average asking price for a house in Ireland grew by 1.9% in the second quarter of the year.