At least one in seven properties sell above asking price as market remains strained 

Last week, in the aftermath of the budget announcement, Housing Minister Darragh O’Brien said that close to 40,000 homes will be completed by the end of 2024. Picture: Sasko Lazarov/RollingNews.ie

At least one in seven properties in Ireland are currently selling for 20% or more above the asking price, according to new figures.

The latest MyHome.ie property price report states that national asking prices are currently up 7.5% over the year, the highest rate of annual inflation seen in two years.