5 Stats About Irish Property Market That Will Blow Your Mind

Anybody trying to get into the Irish property market at the moment will be able to tell you just how crazy the prices are and how fast things are moving. 

After a massive boom followed by a devastating crash that brought the economy to it's knees things are heating up again and plenty think we are heading for a similar fate.

Daft have all the data and their Q3 2017 report reveals some interesting stats that will delight you if you own a house and worry you if you ever wanted to buy one...

1. The average Irish house is up 8.9% in the last year

Mainly due to a lack of supply and new houses being built. Prices have been rising all over the country and not just the big cities.

2. House prices are rising by more than €50 per day 

If you did manage to buy during the dip you could be making as much as €1500 a month by simply sitting there and doing nothing.

3. There are only 24,000 houses on the market which is actually down 4% on last year

Prices continue to rise because there just aren't enough houses being built. Until that is fixed prices will remain high. 

4. The average house price in Dublin is €354,765

The number just keeps on going up. The usual hot spots are well above average but any semblance of value seems to be vanishing on all sides of the city. 

5. House prices are up a whopping 47% since 2013

If you timed it well and bought during the downturn you'll be making serious profit now. 

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