Search Results for 'Quality of life'

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 per cent last year, a marked acceleration in the rate of inflation compared to 2020 when prices rose by 1.4 per cent. At the national level (including Dublin) the overall rate of price increase last year stood at 12.0 per cent. The NPG, which tracks house prices across the country on a half yearly basis, recorded growth of 5.3 per cent in the six months to December 2021, compared to an increase of 7.9 per cent in the first six months of last year.

Like all aspects of life this year, the residential property market has faced significant disruption due to the COVID-19 pandemic. The outbreak of the virus has represented an unprecedented shock to the economy and to society, unlike any experienced in living memory. The necessary precautionary health measures taken to reduce the spread of the virus has had adverse consequences for both the economy and the housing market and will continue to hamper the market as long as they are in place. However, while the impact has been extensive, the market has shown remarkable resilience despite the challenges COVID-19 has presented.