House price rises means first-time buyers 'unable to purchase home' 

In the 12 months to May 2024, the median price of a home purchased in Ireland stood a €335,000, with Dublin having median prices of €450,000 and just under €340,000 in Cork county.

Rapid inflation in house prices means first-time buyers are “constantly finding themselves unable to reach the point where they can finally buy a home”, as new figures showed property prices have risen by 8.2% in the last year.

The Central Statistics Office’s latest Property Price Index shows inflation for new homes remains high, while the price of second-hand homes is surging again.