Housing

Cost of building homes outside Dublin soars

New analysis suggests that while the housing market may have reached its peak in Dublin, prices outside the capital are rose five to seven per cent in the second half of 2023

Mayo saw the most drastic increase in the price of a three-bedroom home, up 7.32 per cent in Q3 and Q4 last year to an average of €220,000. Picture: Getty

The average price of a home in Ireland increased to €335,520 in the second half of last year, as residential property inflation outside of Dublin increased about the national average.

The latest Residential Property Price Barometer published by the Institute of Professional Auctioneers and Valuers (Ipav) shows that property prices increased by 2.99 per cent in the latter half of 2023, up from 2.05 per cent in the previous six months.

However, this figure was ...