'Too much cash chasing too few homes': House price inflation surges to more than 6%

Prices in Cork city are up 4% and in Waterford city they increased by 14%. File Picture: iStock

House price inflation across the country jumped more than 6% to its fastest in three years, with Cork city seeing a 4% rise in prices, and Waterford city a whopping 14%, in the fourth quarter of the pandemic-hit 2020.

A new report by MyHome.ie, in association with analysts Davy, put paid to the widely-prevailing notion that the Covid-19 pandemic could see prices plummet as industry ground to a halt and workers furloughed.