Advertisement

Lack of supply is keeping house prices high despite soaring interest rates

Before lockdowns, there were more than 20,000 homes for sale on the myhome.ie website.  Now there are only 13,400.  That lack of supply is keeping house prices high despite soaring interest rates.  The latest quarterly survey suggests that asking prices rose by 4.1% over the past year nationwide.    It all comes as the property sector braces for the budget next week  Conall MacCoille is the author of the report from Myhome.ie and spoke to Newstalk Breakfast this morning.

Share this article

05.45 2 Oct 2023


Lack of supply is keeping house prices high despite soaring interest rates



Share this article

05.45 2 Oct 2023


Before lockdowns, there were more than 20,000 homes for sale on the myhome.ie website.  Now there are only 13,400.  That lack of supply is keeping house prices high despite soaring interest rates. 

The latest quarterly survey suggests that asking prices rose by 4.1% over the past year nationwide.    It all comes as the property sector braces for the budget next week 

Conall MacCoille is the author of the report from Myhome.ie and spoke to Newstalk Breakfast this morning.


Read more about

Breakfast Business

Related Episodes

Construction industry could be...

00:07:38

Construction industry could be another victim of rising fuel prices

The Hard Shoulder

00:07:38


Two pilots die after jet colli...

00:03:34

Two pilots die after jet collides with fire truck in New York

The Hard Shoulder

00:03:34


Why do we care about Daylight...

00:11:19

Why do we care about Daylight Saving Time?

The Hard Shoulder

00:11:19


Kids Clinic: Developmental Mil...

00:08:10

Kids Clinic: Developmental Milestones

The Hard Shoulder

00:08:10