House prices outstripped wage increases over past 10 years, reports show

The reports show that the average house prices doubled from €153,000 to €305,000 between 2013 and 2022. Picture: Denis Scannell

Increases in Ireland’s house prices have vastly outstripped any rise in wages seen over the past 10 years, according to Government statistics.

Two new reports by the Parliamentary Budget Office, the Oireachtas’ independent economic analysis arm, show that average house prices doubled from €153,000 to €305,000 between 2013 and 2022.