{"id":322268,"date":"2025-12-18T05:42:10","date_gmt":"2025-12-18T05:42:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/322268\/"},"modified":"2025-12-18T05:42:10","modified_gmt":"2025-12-18T05:42:10","slug":"house-price-inflation-dips-to-at-7-3-in-october-as-demand-continues-to-outstrip-supply-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/322268\/","title":{"rendered":"House price inflation dips to at 7.3% in October as demand continues to outstrip supply \u2013 The Irish Times"},"content":{"rendered":"

House prices<\/a> rose by 7.3 per cent in the 12 months to October as demand for homes continued to outstrip supply.<\/p>\n

The headline rate was down from 7.5 per cent the previous month but still well ahead of average wage growth, meaning the purchasing power of buyers continues to be squeezed.<\/p>\n

The latest residential property price index, compiled by the Central Statistics Office (CSO)<\/a>, indicated that house prices in Dublin rose by 5.4 per cent in annual terms in October while those outside Dublin jumped by 8.9 per cent.<\/p>\n

\u201cWhile the almost static rate of house price growth will offer some relief to aspiring buyers, house prices still remain unaffordable for many,\u201d said Trevor Grant, chairperson of Irish Mortgage Advisors. <\/p>\n

\u201cThere needs to be a considerable and consistent fallback in the rate of house price growth if home ownership is to come within reach of the so many who are vying to get onto the property ladder.\u201d<\/p>\n

The median price or middle value of a dwelling purchased in the 12 months to October was \u20ac381,000. The highest median price paid for properties was in D\u00fan Laoghaire-Rathdown at \u20ac675,000 while the lowest was \u20ac190,000 in Donegal.<\/p>\n

The CSO said its national index, measuring house price changes, reached the value of 202.3 in October. That is 23.7 per cent above its Celtic Tiger peak in April 2007. <\/p>\n

Dublin residential property prices are 8.9 per cent higher than their February 2007 peak, while residential property prices in the rest of the State are 26.2 per cent higher than their May 2007 peak, it said.<\/p>\n

\u201cToday\u2019s figures confirm what we are seeing on the ground. Prices continue to rise, particularly outside Dublin, reflecting the demand that is being felt right across the country,\u201d Mike Stack, solicitor and co-founder of property start-up Beam, said. <\/p>\n

\u201cBut these figures alone mask a deeper issue. Too many transactions are collapsing or dragging on for months, eroding buyer confidence and placing vendors at risk of renegotiations or lost sales,\u201d Mr Stack said.<\/p>\n

\u201cAround 15 per cent of deals fall through, and nearly a third of these failures are caused by last-minute planning, compliance or title issues that could have been addressed earlier,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"House prices rose by 7.3 per cent in the 12 months to October as demand for homes continued…\n","protected":false},"author":2,"featured_media":322269,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,12015,1294,20005,56,54,55],"class_list":["post-322268","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-central-statistics-office","tag-economy","tag-housing-crisis","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/322268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=322268"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/322268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/322269"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=322268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=322268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=322268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}