Are house prices finally cooling down?
Summary
This episode examines a new myhome.ie report showing that national asking price inflation has slowed to 3.9%, the lowest since 2023. Guests Ciarán Mulqueen and Marion Finnegan debate whether this signals relief for buyers, noting that asking prices are often manipulated and that median prices remain unaffordable relative to average incomes. They discuss how new housing completions are hitting record highs but are concentrated in the Eastern Corridor, leaving rural areas with high inflation due to limited supply.
Topics discussed
Intro: Slowing asking price inflation and new report
Ciarán Mulqueen: Why asking prices can be misleading
Market reality: Fixer-uppers vs turnkey homes
Affordability gap: Median price vs average pay
Housing completions: Total numbers vs sale stock
Marion Finnegan: Urban slowdown and supply factors
Government measures and construction momentum
Regional differences: Eastern Corridor vs rural areas
Rental crisis: Investor exit and stock shortage
Renter perspective and high Dublin rents
Conclusion: Optimism for future supply trends
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