Irish House Price Growth Slows to 6.5% in March; Rents Surge 4.4% in Q1
Irish house price growth slowed to 6.5 percent in March, the lowest in two years, offering a glimmer of hope for buyers. Meanwhile, rents surged by 4.4 percent in Q1, the highest quarterly increase since 2022, accompanied by a 50 percent rise in eviction notices. These trends were analyzed on "Inside Business" with experts from Sherry Fitzgerald and The Irish Times.
Irish house price growth reached 6.5 percent in March, marking the slowest rate in two years and potentially offering some relief to prospective homebuyers. Conversely, tenants face a challenging market, with rents increasing by 4.4 percent in the first quarter, representing the highest quarterly rise since 2022. This surge occurred alongside a 50 percent increase in eviction notices issued by landlords during the same period, set against the backdrop of new government regulations concerning renting.
These market dynamics were discussed on the "Inside Business" podcast. Host Ciarán Hancock was joined in the studio by Marian Finnegan, CEO of Sherry Fitzgerald, Ireland’s largest estate agent, and remotely by Irish Times Economics Correspondent Eoin Burke-Kennedy.
The second segment of the episode featured Irish Times business reporter Ian Curran, who recently attended the EY Entrepreneur of the Year awards program in Toronto. Curran highlighted several impressive business leaders, their sales pitches, and their reactions to a group address by Canadian Prime Minister Mark Carney, who is focused on reducing Canada's economic reliance on the United States. The episode was produced by John Casey, with sound engineering by JJ Vernon.