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Irish house price growth slows for eighth successive month to 8.6%

Reuters
·1-min read
A construction worker shovels sand from teh bucket of an excavator in the Capital Dock area of Dublin

DUBLIN (Reuters) - Irish house price growth slowed on a year-on-year basis for the eighth month in a row in November, expanding by 8.6% compared to the most recent peak of just over 15% earlier in 2022, data showed on Wednesday.

More up to date figures earlier this month from Daft.ie and MyHome.ie, Ireland's main property listings sites, showed that asking prices fell 0.4% quarter-on-quarter in the final three months of 2022 to stand around 6% higher year-on-year.

Prices typically fall in the final quarter of the calendar year and the 0.4% drop was one of the smallest Q4 declines over the past decade, according to Davy Stockbrokers' Chief Economist Conall MacCoille, who analyses the figures for MyHome.ie.

(Reporting by Padraic Halpin; Editing by Frank Jack Daniel)