Daft.ie data shows first yearly fall in Irish house prices since 2020

The largest price drops were recorded in Cork City (-3.3%) with the average home on sale at €320,793 and €345,460 in Galway, a drop of 2.1%. Limerick bucked the trend with a 1.1% price rise. Picture: iStock

House prices fell in the second quarter of this year compared to a year ago, marking the first year-on-year decline in three years.

According to Daft.ie’s house price report, the average price of a home nationally stood at €309,648, which is 0.5% lower than in the second quarter of 2022.