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Rate of property price inflation has halved in the last 12 months

Jan 21, 2023 09:22 By News Northern Sound
Rate of property price inflation has halved in the last 12 months
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The rate of property price inflation has halved throughout Ireland in the last 12 months.

That's according to a property price survey by the Irish Independent.

Increased building costs, interest rate hikes and the cost-of-living crisis contributed to cooling the market.

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Mark Keenan, property editor with the Irish Independent, says house price inflation surged during the pandemic.

Mark says a four-bed semi-detached house in Cavan town is two hundred and ten thousand euro.

While in Monaghan the study found a three bed semi in Monaghan town is two hundred and forty five thousand euro.

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