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