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Asking prices for homes up almost 11%, growth rate slows - MyHome.ie

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Cost-of-living concerns and rising interest rates will slow the demand for houses in the second half of the year, according to the latest house price report from MyHome.ie.

It reveals that a "minor" fall in house prices could be on the way as a result, but states that a 'Celtic Tiger' crash in unlikely.

Asking prices for houses are now up 10.9% on the same time last year, with the median asking price in the second quarter standing at €320,000.

This is a slowdown in the growth rate, with the last report showing annual asking price inflation running at 12.3% for the year to March.

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