New housing data 'blows apart' claim Ireland is in step with Europe

House price increases are slowing across Europe. File Picture

Rents and house prices in the EU increased again in the third quarter of 2022, with respective hikes of 2.1% and 7.4% on the same period in 2021, new figures show.

However, price increases are slowing across Europe. In the third quarter of 2022, house price increases slowed with a 0.9% decrease on the previous quarter and a 2.4% decrease on the previous year.