House prices rose by nearly 8% around the country this year.
The latest Daft.ie Sales Report finds that the average price of a house in Ireland in the last quarter of 2021 was €290,998 – one-fifth below the Celtic Tiger peak.
The biggest increases were recorded in rural areas, with prices rising by an average of 11.5% outside the five main cities.
In Dublin, prices rose by 3.4%.
In Cork, they rose by 5.5% and in Limerick, the increase was 6.4%.
Meanwhile, fewer than 11,500 homes were listed for sale on December 1st – the lowest total recorded since July 2006.
The number represents a fall of one quarter since December 2020.
Meanwhile, the total number of properties listed for sale this year was just over 54,000, which is higher than last year but still well below pre-pandemic levels.
Report author Ronan Lyons said price inflation “remains stubbornly high” but is continuing to cool from its mid-year peak.
He said that “reflects a combination of unusually strong demand and ongoing weak supply".
He suggested additional supply of both homes for sale and for rental (social and market) - is "key to solving Ireland’s chronic housing shortage".
