The price of a second-hand home in Dublin increased by 1.9% in the first three months of the year.
The average price now stands at just under €600,000, an increase of over 50,000 since the end of March 2024.
The figures from DNG found the annual rate of house price inflation in Dublin remained at 9.6% for the twelve months to the end of March.
These figures will comes as cold comfort for first time buyers coming only days after a Daft.ie report found the number of second-hand homes for sale across the country has fallen below 10,000.
The report pointed out that the number of second hand homes available is a little over a third of what’s needed.
The latest figures from DNG found the annual rate of price inflation recorded to the end of March now stands at 10.9% in south Dublin, 8.6% in north Dublin and 7.8 in west Dublin.
The report outlines how first-time buyers continued to be very active in the second-hand market in the first quarter of the year.
However this is five percentage points lower than the same period last year when first time buyers bought 54% of the resale properties.
