Residential property prices rose by 6.5 per cent in the 12 months to March, but that represented the slowest rate of growth in more than two years, new figures from the Central Statistics Office (CSO) show.
The rate of growth slowed from the 6.7 per cent in the year to February. It was 5.7 per cent in Dublin, while property prices outside Dublin were 7.2 per cent higher.
The annual increase in prices nationally represents the lowest since February 2024 when they grew by 6.2 per cent.
Commenting on the data, Brokers Ireland deputy chief executive Rachel McGovern said the slowing growth rate pointed towards consumer caution, given concerns around inflation.
However, “respite from high prices would not appear to be on the horizon, given the fact that demand is still way out of sync with supply, and the risk of rising inflation further hampering supply”, she said.
