Europe Residential Real Estate News
Europe Residential
Ireland Residential Housing Rents Jump 13 Percent in 2022
According to the latest Rental Report by Daft.ie, Ireland's market rents in the final quarter of 2022 were an average of 13.7% higher than the same period a year earlier, as availability of rental homes remained near an all-time low.
Ireland Home Prices Ticked Up 6 Percent in 2022
According to Daft.ie, Ireland's home prices rose by 6.1% during 2022. The average listed price nationwide in the final quarter of 2022 was €309,941, down 0.4% on the average for the third quarter of the year and 16% below the Celtic Tiger peak. The 6.1% increase in 2022 compares with increases of 8.1% in 2021 and 7.7% in 2020 and a fall of 1.2% in 2019.
Global Home Prices Still Rising in 2022, But at Much Slower Pace
According to international property consultant Knight Frank, house prices across 56 countries and territories are still rising at a rate of 8.8% per annum, down from 10.9% at their peak in Q1 2022.
UK Mortgage Rates Dip in Late November
According to international property consultant Knight Frank, the average UK five-year fixed mortgage rate is now below 6% for the first time since the days after the mini-budget.
