Cost of average home in Dublin now at €440,000

The cost of an average home in Dublin is now €440,000 — double the Central Bank’s mortgage threshold that requires many buyers to provide a 20% deposit for amounts exceeding €220,000.

However, the rate of increase has slowed dramatically and, according to analysts, this signifies that Central Bank rules are beginning to slow price growth.

A study by Real Estate Alliance reveals that the rate of increase in the cost of a three-bed, semi-detached house in Dublin slowed to 0.5% in the first quarter.