Dublin house price inflation has doubled over the past six months while values rose at faster rates in Cork and Limerick.

The asking prices for houses rose 3.8% through the second three months of this year to an average of €311,874.

That figure was 9.5% more than during the same period in 2021, while the second-quarter jump was the biggest three-month gain in almost two years.

In Dublin, the increase over the 12 months to June was 6.6% to €429,384. This compared with a rise of 3.4% at the end of last year.

Asking prices in Cork were 9.4% higher than a year previously at €330,871, while those in Limerick climbed 11.1% to €250,421.

Galway recorded asking price rises of 13% to €352,605, while Waterford topped the league with an advance of 13.5% to €226,635. In the rest of the country, asking prices rose 11.4% to €261,657.

On June 1st, there were slightly more than 12,400 homes for sale in the Republic, almost a quarter higher than the all-time low of 10,000 recorded just three months earlier.

House hunters in Dublin are benefiting from much of this, as the number of homes for sale in the capital was up 4.5% since last year.

Those in Leinster also have greater choice than last year, as the number of homes in the province, which includes the greater Dublin area, rose 10.8%.

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