The Government's housing policy is "driving house inflation" it has been claimed as it emerged that the standard home now costs 7.7 times the average wage.
The MyHome.ie quarterly house price report found Ireland’s property market proved to be resilient to cost-of-living fears and external pressures throughout last year. It found the market had held up better than evidence had suggested in 2022.
The number of vendors cutting asking prices remained at low levels, while house prices were being settled above asking prices. However, the report warned that the resilience of the housing marking is set to be tested this year.
