House prices continue to rise but inflation rate slows

Homes at Maryborough Ridge, close to Carr's Hill and the Carrigaline Road. The national annual asking price for a house is now 4.2% higher than during the same period last year, a new report shows. Picture: Larry Cummins

House prices have continued to grow over the past 12 months, with the national annual asking price now 4.2% higher than during the same period last year, a new report shows.

However, the latest quarterly report by housing website MyHome.ie has found the rate of price inflation is beginning to moderate, declining from the 6% national growth rate recorded the end of last year.