Rate Of Property Price Inflati...


Rate Of Property Price Inflation Halves Throughout Ireland In Last 12 Months

RedFM News
RedFM News

09:47 21 Jan 2023

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Property prices in County Cork rose above the average rate in the past 12 months.

The property price inflation rate halved throughout Ireland in 2022.

That's according to a property price survey by the Irish Independent.

Increased building costs, interest rate hikes and the cost-of-living crisis contributed to cooling the market.

Mark Keenan, property editor with the Irish Independent, says property prices are up 7% in the city:

"Property prices in County Cork went up, generally, by above average in the last 12 months, depending where you are, from 5% to as high as 12%. If we're in the city centre area, prices are up 7% and predicted to go up 5% in the year ahead."

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