Property prices increase by over 13% in the past year across Northern Sound region

Property prices have increased by over 13% in the past year across the Northern Sound region.

The latest MyHome.ie report found that there's been a "very sharp price inflation" for properties in the border counties, notably in Cavan.

The county has seen an annual increase of 13.4%, with a median asking price of €190,000.

In Co Monaghan, there's been an increase of 12.1%, where the median asking price is €185,000.

Nationwide, the price of buying a property has increased by almost 4%.

However, Davy Chief Economist and report author, Conall MacCoille, says the momentum is starting to slow: