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Property market records surge due to asking price inflation


National house price inflation is now at its highest level in more than three years, a new report shows.

Asking price inflation rose by 5.2% nationally in the third quarter of this year, the highest figure since the first quarter of 2017 when it stood at 5.5%.

The asking price for newly-listed properties nationally now stands at 282,000 euro, while the price in Dublin is 386,000 euro.

Strong demand and weak supply caused by the suspension of construction at the height of the lockdown were driving the inflation rate.

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