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Irish Residential Property Prices Surge by 8.4% in 2024 Amid Rising Demand

The DNG National Price Gauge reports an 8.4% increase in the average price of second-hand homes in Ireland for the year ending December 2024. This growth reflects a strengthening market, particularly in regions like the Mid-West, while Dublin’s resale property prices rose to €582,772. First-time buyers accounted for a majority of the market, and forecasts indicate continued price increases fueled by low interest rates and limited housing supply. Experts urge the government to address the imbalance in the rental market to encourage more landlords.

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