Three-bed semi in Cork now costs €408,000 amid nationwide surge in house prices

Cork City homes break €400,000 for the first time as Irish house prices rise nearly 6% year-on-year

Ronan Lyons, a professor of economics in Trinity College Dublin, said: 'There are some indications in this latest report that new homes are sustaining activity levels in the market.' Picture: iStock

The average cost of a three-bedroom house in Cork City has risen past the €400,000 mark for the first time, as prices approach peak Celtic Tiger levels throughout the country.

Prices for homes across the country are, on average, 5.9% higher than last year, some 39% above pre-covid pandemic levels, and only 10% below the peak during the Celtic Tiger, according to data from the latest Daft.ie house price report.