House Prices Increase in First Three Months of the Year
House prices have increased by over 5% in the first three months of the year.
The latest survey by MyHome.ie suggests that we could be facing double digit inflation by the end of the year.
A home will now set you back an average of nearly 240-thousand euro - an increase of 12,000 on the last quarter.
The property website says people selling their homes are expecting higher prices and are getting them.
Managing Director of MyHome.ie Angela Keegan says there are a number of reasons why inflation is so high:
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