The current rate of inflation in the market is the highest seen in the 10 years since mortgage market rules were introduced.

The typical listed price nationwide in the second quarter of the year was €357,851, 12.3 per cent higher than a year previously

This is up from a low of just €765 in 2011 and 48 per cent higher than before the outbreak of COVID-19.

Harry Sothern of REA Sothern said that the home is located in a very good area and if it was in good condition “it would have sold for around €400,000”.

Housing price inflation reached an eight-year high as supply tightens further.

Threshold says that the most recent data from Inside Airbnb goes back three months. At that time the number of properties listed in Ireland, excluding home share listings, was 20,176.

Rents rose by 19% in Limerick city and 10% in Cork city in the final quarter of the year compared with 12 months earlier.

The price of buying a home in Ireland last year rose by 9 per cent, according to the latest report from Daft.ie

The auctioneers describe the premises as a 'landmark property'.

The average open-market rent nationwide in the third quarter was €1,955 per month, up 7.7 per cent year-on-year

Daft.ie was founded in 1997 by brothers Eamonn and Brian Fallon

Housing prices nationally rose by an average of 1.8% in the first three months of 2024, according to the latest House Price Report.

The average open-market rent nationwide in the final quarter was €1,850 per month.

Just 11,000 houses were listed for sale on Daft.ie on December 1st, 27% fewer than on the same date a year earlier.