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