A year after the pandemic hit the world, amidst the housing shortage, the prices of houses has increased by €20,000. A first quarter report of 2021 by Daft.ie shows that a rise of 7.6% has been reported since March 2020.
This rise in price of properties is almost twice the rise of properties happened in 2018 and 2019. The average asking price is €275,751 and Ronan Lyons, Economist at Trinity College Dublin said that this is due to the impact made by the pandemic in the market.
The prices rose by 6.9% in Dublin City and reaches €398,127 on an average. It has been the highest since 2007. Offaly county registered the highest increase with a rise of 17.7% and Galway county had faced a decline of 2.0%