
'Outlook bleak' as house price rises show no sign of slowing
The comment from Brokers Ireland came as the Central Statistics Office confirmed that home prices in Dublin rose by 6.9 per cent in May, while those outside the capital jumped 8.7 per cent.
Advertisement
The median, or midpoint, price of a dwelling purchased in the 12 months to May 2025 was €370,000. The highest median price was €670,000 in Dún Laoghaire-Rathdown, while the lowest median price was €186,000 in Leitrim.
The most expensive Eircode area over the period was A94 (Blackrock, Dublin) with a median price of €770,000, while F45 (Castlerea, Roscommon) had the least expensive price of €150,000, the CSO said.
Rachel McGovern, deputy chief executive at Brokers Ireland, said the latest figures are bleak for prospective buyers, given the shortage of supply.
Ireland
Government's housing policies have left it 'tied i...
Read More
"The latest ESRI data forecasting just 33,000 [new housing] units for 2025 and 37,000 in 2026, well below Government targets, is very worrying.
Advertisement
"It's hard to envisage how any new housing plan by Government can turn this around in the short-term," she said, adding that it will take "dramatic and unprecedented" measures.
Trevor Grant, chairman of the Association of Irish Mortgage Advisors, said prices continue to rise faster than incomes, pushing homeownership further out of reach for many.
"With supply still falling well short of demand, this imbalance is not likely to correct itself anytime soon," he said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Finextra
6 minutes ago
- Finextra
Embat appoints leadership team for UK and Ireland
Embat, a leading European financial management and treasury platform, is accelerating its expansion across Europe with the appointment of a new leadership team for the UK and Ireland. 0 Building on its strong European presence, Embat has a growing footprint in the UK, is trusted by over 300 corporate clients and manages more than $200 billion in annual transactions. Its customer base includes Dojo, Arena Racing, PetLab Co, Cabify, Wallapop, and Fever | DICE. Embat also partners closely with EY, PwC, Deloitte, KPMG, SAP, Microsoft, and Oracle NetSuite. Theo Wasserberg, Head of UK and Ireland, will lead Embat's market strategy, customer partnerships and team growth. A seasoned executive with a background in enterprise software, Theo brings more than five years of experience at SAP, where he worked closely with ERP customers on banking and reconciliation solutions. Following the completion of an MBA at INSEAD, he went on to lead strategy for a top SAP partner, helping CFOs navigate digital transformation across Europe. 'If it still takes your team three days to find your cash position, something is broken within your finance function,' said Theo Wasserberg. 'Embat delivers the automation and real-time visibility that corporate finance teams need to stop fighting fires and start driving value. I'm excited to lead this expansion and bring a smarter approach for finance teams in the UK.' He is joined by Quique Fernandez, Country Launcher & Head of Treasury Transformation, who brings deep treasury domain expertise and will lead product localisation, solution design, and client delivery for the region. Quique previously held senior treasury and payments leadership roles at high-growth firms including Northern Data Group and Teya, where he focused on building scalable treasury functions across cash visibility, FX, automation, and intercompany finance. 'Finance teams have been promised digital transformation for years, but many are still stuck with legacy systems, repetitive tasks and manual work,' said Quique Fernandez. 'At Embat, we're combining cutting-edge infrastructure with real-world treasury expertise to give mid-market companies the tools they need to scale. I'm excited to build the foundations of our UK platform with our partners and clients.' Founded in 2021, Embat successfully closed a Series A funding round last year. Its cloud-native platform empowers finance teams at mid-sized and large enterprises to manage all aspects of treasury and accounting in real-time. This includes automated bank reconciliation, live cash monitoring and forecasting and strong anti-fraud tools. It was one of the first companies to partner with Google Cloud's Vertex AI platform. Its in-house AI analyst, TellMe, acts like a real-time team member - flagging anomalies, predicting cash flow patterns, and offering data-backed recommendations - while keeping humans in control where it matters most. 'Finance teams deserve more than visibility - they need clarity, control, and confidence,' said Antonio Berga, co-CEO and founder of Embat. 'The UK is a priority market for us, and our expansion here reflects the urgent need for tools that are purpose-built for modern finance leaders. We're proud to deliver a platform that turns finance into a strategic advantage.'


Daily Mail
37 minutes ago
- Daily Mail
Real estate agent turns on his industry to blast 'fake' tactics being used to fool buyers and drive up prices
A real estate agent has hit out at the 'fake' tactics used by some industry colleagues, which has led to Aussies having a less than flattering perception of the sector. Jordan Bulmer, 30, is a sales agent at McGrath in Terrigal, on the NSW Central Coast, and he's set on exposing some of the hated tactics used by his colleagues. First and foremost, the agent took to TikTok to address the 'fake offer' strategy. He blasted the trick as being increasingly used by some in the industry to drive up the price of a property. Mr Bulmer said he's 'not into this' as he hit out at those who use this tactic. 'The minute a person makes an offer there is suddenly another offer on the table, I don't know why agents do this,' he said. 'If someone comes to me and says, 'Has there been an offer on the property?' and there hasn't, I say, 'No, there hasn't'. I haven't found the right person, there doesn't have to be an offer on every property.' Mr Bulmer said he would then discuss with his client the options if they were interested in buying the property. He stated he would want to find a price where 'everybody's happy' and warned other agents against 'fake offers'. The agent was flooded with comments from Aussies who have subjected to this underhand tactic. One commented: 'We had an agent try that scam so we told the particular agent great sell it to them. 'Then for the next couple of days they kept calling saying come on let's make the sale. We them blocked their number.' 'I had this,' another agreed. 'I made an offer. Was told there was a better offer. Kept being 'Outbid'. That was the first time I got scammed by an agent. 'Funnily enough, after about a week after I realised what was going on and pulled out. I got a call asking if I was still interested at my last offer amount. Nope.' Someone else wrote: 'I put an offer in the agent said there are two other buyers so I kept upping the offer and they kept pushing till I said I'm out. 'They ring back the next day saying the other buyers have dropped out so do you want the property. Yeah nah I'll pass thanks.' Mr Bulmer said there's 'no need' for agents to use 'fake' tactics when selling a property. 'I don't understand why some agents do some of the things that frustrate the living daylights out of people. I just don't get it,' he told 'Like as if real estate agents, after all this time, can't tell that people know that they're playing games. It blows my mind sometimes. 'I find that just such a silly thing to do, but it seems to happen so much.' Mr Bulmer said he's trying show his clients they can trust him by being transparent and hopes to proof that not all real estate agents use underhand tactics to make a sale. Fellow real estate agent and auctioneer Tom Panos agreed that fake tactics are unnecessary and only serve to damage perceptions of the industry. He pointed out the tactic of 'catfish homes' in which real estate agents post edited images of properties on their website listings to make them look better than they do in person. 'A real estate agent has an ethical responsibility to get the best price for the vendor (seller) who is their client and pays them. So it really is buyer beware,' he said. Another tactic he said was to door-knock a street where there is an auction set to take place and invite the neighbours to stop by on auction day, thus building an illusion that the property is more hotly contested. Similarly, when buyers register to bid on auction day they might give them bidding numbers that are higher than the actual bidders. 'So instead of one, two, three they might say 10, 11, 12,' he said. He encouraged buyers to undertake their own research before agreeing to purchase a property by looking at comparable prices on property sites like Corelogic and consulting with building inspectors who can check for defects. 'People often more research planning a holiday or buying a car than they do buying a property.'


The Independent
an hour ago
- The Independent
Tariff of 15% ‘challenging' but avoids a trade war
A tariff rate of 15% is 'challenging' but avoids a rate of 30% – which would have 'closed the market' in the US, Ireland's enterprise minister has said. Peter Burke said that the EU-US deal avoids both a trade war and EU counter-measures, which would have had an effect on the north-south economy. He said 'the devil is in the detail' of the trade agreement finalised on Sunday by Donald Trump and European Commission president Ursula von der Leyen in Scotland. 'We had a lot of modelling carried out on the various different options, and some were very perverse, that would have closed the market if you had over a 30% tariff with a stacking mechanism,' Mr Burke told RTE Radio. 'The key thing is that there will be a number of carve outs. Obviously, aviation has been cited as zero-for-zero, but also in relation to agrifoods and potentially spirits.' The bloc is set to face 15% tariffs on most of its goods including cars, semiconductors and pharmaceuticals entering the US and 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals – as well as EU purchases of US energy worth 750 billion dollars over three years. Mr Burke said it was his understanding that the 15% tariff on the pharmaceutical sector would be a maximum rate. He added: 'I think the president of the Commission has been very clear that 15% will be a ceiling.' It is still unclear from the deal, agreed five days before Mr Trump's threat of a 30% tariff would have come into effect, will mean Ireland will need to invest in US energy, he added. 'This all has to be worked out yet, as you can appreciate, I'm only hearing this for the first time last night, and we have nothing on paper.' Ireland's premier Micheal Martin and deputy premier Simon Harris welcomed the agreement struck on Sunday, saying that while Ireland 'regrets' the baseline tariff of 15%, it welcomed the certainty for businesses. Mr Harris said further detail was needed around how tariffs would affect sectors including pharmaceuticals. Ireland remains vulnerable to a slow down in trade with the US economy, due to exports of products such as alcohol, dairy and beef. The Irish government has also expressed concern at how tariffs could affect pharma multinationals based in Ireland, which employs about 45,000 people in Ireland, as Mr Trump had signalled he intended to target that industry. In addition, 65% of all aircraft are leased through Ireland globally. Last week, Finance Minister Paschal Dohonoe said the Irish government would spend 9.4 billion euro on its budget in October, based on a zero-tariff scenario for next year. He and Public Expenditure Minister Jack Chambers said these estimates would need to be revised if there was a shock to the Irish economy. Mr Burke said it was not naive to base the government's economic scenario on a zero-for-zero trade agreement with the US. 'No it wasn't because we didn't know what we were to be faced with,' he said on Monday. 'We do need to find out what happens in other areas, because this is very complex. 'It depends what happens with China, that's a very significant market that a deal hasn't happened yet. 'It really impacts what happens with our exporters here in Ireland as well, because so much product is in danger of being redirected into EU market. 'We also don't know what separate carve outs are going to emerge for the different sectors that are so vulnerable from an Irish perspective. 'Until we get flesh on the bones and all those areas over the coming weeks, we'll be in a better position then to really put forward what budgetary parameters (we) will end up with.'