Ireland's housing market 'pausing for breath' as price inflation 'finally slowing down', report finds

MyHome report suggests 34,500 homes will be completed across 2025, against a Government target of 41,000.

One in five homes are now selling for 20% or more above the asking price, as a “chasm” has opened up between prospective first-time buyers and existing homeowners unwilling to sell up.

The latest quarterly house price report from MyHome, with Bank of Ireland, has said the average residential property sold this year went for €426,000, eight times the average wage and the highest level since 2009.