House prices rises slowed in 2023 due to lack of secondhand supply

Cork City saw prices rise by 3.7% during the year, while prices in Dublin rose 2%. File picture: Leah Farrell / RollingNews.ie

The number of homes for sale in Ireland last year was “dramatically below” pre-covid levels, despite the increased supply of new homes in the country, new analysis has said.

House prices rose by an average of 3.4% in 2023, according to the latest Daft.ie House Price Report. This was the smallest annual increase since 2019.