the rising inflation in Ireland, reduced money lending from the Irish Central Bank, as well as decreased affordability.
House prices in Ireland have been on an upward trend since 2013, with a brief period of decline in 2019 and 2020. Although house price growth slowed down in 2022, the nominal prices continued to rise in 2023; however, when adjusted for inflation, the property price development turned negative in the final quarter of 2022. Reasons for this big decline are Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023
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Statistics
Statista. (October 13, 2023). Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023 [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/
Statista. "Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023." Chart. October 13, 2023. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/
Statista. (2023). Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023. Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/
Statista. "Percentage Change on Previous Year of Residential Property Prices in Ireland from Q1 2007 to Q2 2023." Statista, Statista Inc., 13 Oct 2023, https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/
Statista, Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023 Statista, https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/ (last visited April 25, 2024)
Percentage change on previous year of residential property prices in Ireland from Q1 2007 to Q2 2023 [Graph], Statista, October 13, 2023. [Online]. Available: https://www.statista.com/statistics/1155332/annual-house-price-change-in-ireland/