Average house prices have dropped in Dublin by more than 1% for the year 2019.
The average national cost of a house is now €250,766.
This is 2.4% lower than it was three months ago, and 1.2% less than a year ago.
In Dublin city, prices fell by 1.2% during this year, with the average in the capital now €366,153.
Those hoping to live on the southside will have to fork out €80,000 more for the privilege, with the average for this area coming in at €402,596. This price is down 1.2% from this time last year.
Bucking the general trend, prices on the northside of the capital have gone up, although by just 0.2%. The average price there will set a new homeowner back €338,291.
Meanwhile, in Galway city, prices have remained the same compared with last year, with the average €290,449.
In other cities, prices have risen in 2019. In Cork, the average home now costs €278,021, which is an increase of 0.8% compared with this time last year.
In Limerick city, the average home will set you back €199,911 – a rise of 2.9% compared with last year.
Meanwhile, in Waterford City, prices are up a significant 3.3%, with the average house now selling for €180,650.
The number of homes available to buy on the market nationwide was just under 22,500 this month, down almost 5% year-on-year.
This marks the fourth month in a row in which the number of houses for sale has fallen, following 18 months of improved availability.
Economist at Trinity College Dublin and author of the Daft.ie report Ronan Lyons said as the country enters a new decade, there is a “good balance” between the number of new homes on the market and the number of households able to buy a house.
But he called for reforms in the private, rental and social housing sectors.
He said yesterday: “Just because the sales segment is by and large in balance does not mean that Ireland’s housing system is healthy.
“There remain huge issues with the other segments of the system, including private rental and social housing.”
Mr Lyons added households are growing smaller and more homes that suit them must be built.
