The stats from the CSO and Daft and Myhome are hiding the true price inflation on housing in Dublin and Ireland.
This is not click batt; house prices in some parts of Dublin are skyrocketing, and the CSO average housing prices data are misleading the true price increases in Dublin and some parts of Ireland.
According to the CSO latest stats, The national Residential Property Price Index increased by 1.5% in the 12 months to July 2023.with prices in Dublin decreasing by 1.4% and prices outside Dublin up by 3.8%.
Daft latest report on asking prices Housing prices in the third quarter of 2023 were 1.1% higher than a year ago, The typical listed price nationwide in the third quarter of the year was €322,602, 3.7% higher than a year ago.
Prices in Dublin in the third quarter of the year were just 1.4% higher than a year ago, the lowest rate of inflation since prices started to rebound in late 2020.
Myhome reported that annual asking price inflation is running at 4.1% nationally - the second successive quarter of increases - with buyers paying a 3% premium over asking price in September.
Property prices in Dublin have risen by €7,000 during the quarter, according to the latest MyHome.ie Property Price Report.
The myhome report for Q3 2023, in association with Davy, shows that the median asking price for a property in the county is now €425,000. This means prices have risen by €5,000 compared with this time last year. Myhome report also suggests that asking price is up 2.2% later in the report. The report confuses its self and me.
So you have the CSO at a price increase of 1.5% but falling in Dublin, Daft 1.1% increase in asking prices. My home has a 2.2% increase and Dublin prices up by 7k in Dublin during Q3.
All very confusing and I am about to confuse things even more. Because I think values may have increased far more.
My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment, no formal advice has been provided.
Sign Up to Newsletter
mailchi.mp/5e3...
Follow us at
/ flemingrealestate
Website:
www.flemingre....
Негізгі бет Home Prices Are Rising Faster than YOU are being Told
Пікірлер: 92