House price inflation in Ireland has continued to moderate this year, according to the latest residential market review from property advisor DNG.
The firm’s National Price Gauge, which tracks changes in second-hand home prices, indicates that the pace of appreciation is slowing nationally.
8% in May, defying expectations of a rise and keeping the Bank of England on course for potential monetary easing.
The easing of price pressures suggests a normalization in the Irish housing market after a period of more rapid growth.
While specific quarterly figures were not detailed in the initial report, the directional trend points to reduced momentum in buyer demand and seller pricing power.
This development aligns with broader macroeconomic shifts in Europe, where cooling inflation and higher borrowing costs have tempered housing market exuberance.
In the UK, for instance, consumer price inflation held steady at 2.8% in May, defying expectations of a rise and keeping the Bank of England on course for potential monetary easing.