The cost of buying a new home in Ireland has fallen by 1.2% in the past year, the first year-on-year price drop in seven years, according to a report from property site Daft.ie. 

The average price of a listed property on Daft.ie for quarter 4 of 2019 is now €250,766 – 1.2% lower than the same period in 2018. 

Dr. Lorcan Sirr Senior Lecturer in Housing at the Technological University Dublin joined Mark Cagney to drill further into the numbers.