House prices soaring outside Dublin as lack of supply continues to inflate market

House prices are surging at double-digit rates in cities outside Dublin, while the capital’s housing market has stabilised, new figures show.

However, while there are signs of improved health in the housing market, under-supply remains a problem and lower-income families could be priced out of the Dublin City market unless building costs are reduced and Central Bank mortgage rules are relaxed.

These are among the key findings of Daft.ie’s latest house price report for the second quarter of the year, published last night.