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Ireland's Housing Market Shifts
Description
Ireland’s housing market is cooling, especially in Dublin, where transaction prices dropped 2.3% year-on-year — a stark reversal after years of growth. Listing prices are also slowing, down from 6.8% to 3.8%, with Dublin barely ticking up 3%. Meanwhile, regions like Connacht and Ulster still see strong growth at 8.8%, creating a two-tier market. New housing supply is helping stabilize Dublin prices, but regional markets remain tight with stagnant second-hand sales. Affordability is hitting first-time buyers hard, especially in Dublin, where prices now outpace government support schemes. While prices aren’t plummeting, the trend suggests continued easing — unless a major economic shock hits.
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