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Further rise in house prices forecast for 2022 as average price of a resale home in the capital reaches €500,000




According to the latest residential market review and outlook from leading property advisors DNG, house prices are set to continue rising this year, following the strong growth in values recorded in 2021.

At a national level (excluding Dublin) the DNG National Price Gauge (NPG)
recorded an increase in the average price of a second hand home of 13.6% last year, a marked
acceleration in the rate of inflation compared to 2020 when prices rose by 1.4%.
At the national level (including Dublin) the overall rate of price increase last year stood at 12.0%. The NPG, which tracks house prices across the country on a half yearly basis, recorded growth of 5.3% in the six months to December 2021, compared to an increase of 7.9% in the first six months of last year.
All regions of Ireland recorded double digit price growth in 2021, except for Dublin (+9.9%).
Nationally, the strongest rate of house price appreciation was in the Mid-West region (+17.2%)
followed by the Midlands (+14.2%) and West (+13.8%) whilst the South East region saw the
lowest rate of growth in prices last year (+11.0%).
Outside the capital the highest average price was found in the Mid-East (€349,259) followed by the South West (€279,844).

Looking at the outlook for the year ahead, the agency forecasts further growth in prices both in
Dublin and nationally, with regional price gains set to outstrip those in the capital where nominal
values are already elevated, and affordability is more challenged.
The agency is forecasting an average uplift in regional markets of 12-13% this year whilst price growth in Dublin will more likely be high single digits, in the order of 6-8%.
The factors underpinning the forecasts include continued strong economic and wage growth, the heightened household savings levels seen in 2020-21, the extension of government initiatives for first time buyers announced in the budget, strong demand from this cohort evident in the mortgage approvals data and the prevailing low interest rate environment.
On the supply side, whilst the supply of new residential completions is set to increase to around 26,000 units this year, this will still be well below the estimated 30-35,000 new units required each year to meet demand thereby putting upward pressure on prices in the market.
“Whilst Covid-related issues rightly dominated the news agenda in 2021, housing undoubtedly came a close second, given the emotive nature of the housing debate and the current market dynamics of
rising house prices and rents and a shortage of accommodation available to buy or rent, not only
in Dublin but across the country.”, said DNG’s Director of Research Paul Murgatroyd said “Price growth was clearly very robust last year across all regions and the factors that drove those increases continue to be evident in the market as we enter 2022. The stock of homes for sale in the second hand market remains very low by historical standards and this, combined with the elevated level of demand, brought about in part by factors linked to changing behaviours throughout the pandemic, will mean further price appreciation will be evident as we progress through the year ahead.”

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New  bio-energy therapy clinic open on Beech Road

Have you ever wondered what happens when you deal with an emotionally charged situation or experience high levels of stress daily? Your mind sends alarm signals to your body which […]




Have you ever wondered what happens when you deal with an emotionally charged situation or experience high levels of stress daily?

Your mind sends alarm signals to your body which must adapt to this emergency mode.

Muscles tense up, heart beats faster, vessels get compressed, blood pressure rises, body retains water etc. Most of us subject our bodies to this emergency mode without being aware of it.

Irina Sharapova MH has just opened a new Herbal Medicine and Bio-Energy Therapy clinic at Horan’s Health Store on Beech Road by appointment each Friday.

Both Herbal Medicine and Bio-Energy Therapy, support the body’s natural ability to heal.

During a herbal consultation the therapist suggests necessary corrections to the client’s diet and lifestyle aiming at reducing the elements that contribute to inflammation, stiffness and pain, and increasing the elements that aid healing.

Then they prepare herbal remedies specific to the client. Client’s medications are also examined to ensure that there are no conflicts with the herbal treatment.

Herbs support healing by relaxing the body and improving sleep; they are used to treat various ailments from digestive and reproductive issues to insomnia and migraines.

Bio-Energy therapy is a complementary non-contact treatment that helps to release tension from the body caused by injuries, traumas or stress.

During a Bio-Energy session the therapist scans the client’s body for signals that indicate that the energy is not flowing smoothly – these are the areas that have reacted to the Client’s emotions of fear, worry, hurt, anger, sadness etc.

The therapist “clears out” these areas until the energy flow feels smooth. Bio-Energy is helpful in the treatment of physical and emotional pain and other ailments.

It is suitable for people who do not like massages and other treatments that are performed directly on the body.

Disclaimer: Alternative therapies are not substitutes for medical advice.
For further information or to schedule an appointment please contact Irina at 086 9878941 or via email at Website:


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Spotted an otter lately?

Users of Killarney National Park are being asked to keep an eye out for otters – one of the country’s rarest mammals. The National Parks and Wildlife Service IS launching […]



Users of Killarney National Park are being asked to keep an eye out for otters – one of the country’s rarest mammals.

The National Parks and Wildlife Service IS launching a new National Otter Survey and has teamed up with researchers in Queen’s University Belfast and the National Biodiversity Data Centre to collect and collate otter records from right across the country.

The new survey will map otters and compare results to the last survey, carried out in 2010-11.

NPWS teams will be looking for characteristic signs of otters at over 900 sites throughout the country, including rivers, lakes and the coast.

Members of the public are asked to keep their eyes peeled for otters and to get involved in this national survey by adding their sightings to the survey results.

Otters are mostly active at night and most typically seen at dawn or dusk. They may be spotted from bridges swimming in rivers or along the rocky seashore.
Otters are brown, about 80 cm (30 inches) long and can be seen gliding along the water surface before diving to show their distinctive long pointed tail which is almost as long again as their body.

Dr Ferdia Marnell, Mammal Specialist with the NPWS, said:

“The otter is one of Ireland’s most elusive animals so getting as many people involved in the survey as possible will be important if we are to get good coverage. Otters are rarely seen, so instead, over the coming months, NPWS staff will be searching for otter tracks and signs.”

Dr Ferdia Marnell, Mammal Specialist with the NPWS, said:

“Otters have large, webbed feet and leave distinctive footprints, but these can be hard to find. Fortunately, otters mark their territory using droppings known as spraints. Otters deposit spraints conspicuously on boulders along riverbanks, logs on lake shores or the rocky high tide line. Spraints can be up to 10 cm or 3 inches long, black through to white but commonly brown, tarry to powdery in consistency and straight or curved making them tricky to identify. Luckily, they commonly contain fish bones and crayfish shells which are the otters favoured diet making them easy to tell apart from the droppings of birds and other mammals.”

The otter and its habitat are protected under the EU Habitats Directive which requires that Ireland reports on the status of the species every six years. The next report is due in 2025.

The otter suffered significant declines across much of continental Europe during the 1970s, ‘80s and ‘90s but remained widespread in Ireland. The most recent Irish survey (2010-2011) found signs of otter from all counties of Ireland and from sea-shore to mountain streams.

The otter hunts in water, but spends much of its time on land, and as a result is vulnerable to river corridor management such as culverting, dredging and the clearance of bankside vegetation, as well as pollution, pesticides, oil spillages, coastal developments and road traffic.

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