Inflation slowing but record property prices means many are 'being outpriced'

House prices are now 2.5% higher than their Celtic Tiger peak, at a median price of €305,000 across the country. Picture: Denis Minihane

Property price inflation is continuing to slow, but the record prices being seen in the market means “many people are now being outpriced” from areas they hope to buy in.

The Central Statistics Office’s Property Price Index showed property prices rose 6.1% in the year to January 2023.