"House Prices Are Not Levelling Off"

That's according to a midlands auctioneer.

The price of homes rose by 6.1% in the 12 months to January.

It represents a slowdown in the growth of residential property prices, after they went up by 7.7% in the year to December, according to the CSO.

They rose by 4.3% in Dublin, and 7.4% outside the capital.

At the peak in February 2022, prices went up by over 15%.

The Institute of Property Auctioneers and Valuers believes the rate of growth of residential property prices is slowing down but it's not clear they'll level off.

It also says with new builds costing more to construct, it's likely those prices will stay high. 

IPAV CEO and Castlepollard's Pat Davitt says there's no sign of prices falling:

More from Midlands News