House prices rising at fastest rate since 2017

In the southwest, the average price of a resale property now stands at €266,844, up from €239,671 in June 2020.

House prices are currently rising at the fastest rate since 2017 as a result of strong demand and a “scarcity of homes for sale", a new report has found.

House prices nationally are now 11.1% higher than they were in June 2020, and are 11.3% higher in the southwest when compared to the same period last year, according to the latest residential market review from property advisors DNG.