House prices set for worst first quarter in a decade

House prices in Ireland recorded their worst first quarter in a decade by one measure, as higher interest rates made financing more expensive.

Asking prices fell by 0.3 per cent from the previous quarter, according to property website Daft.ie. It was the first time since 2013 that prices fell at the beginning of a year, and the largest first-quarter decline since a 2.4 per cent drop at the start of 2012.

The drop is the ...