Core Insights - Irish house prices have surged by 8% as of June this year, with the average property price now at €370,000, reflecting an increase of €32,500 over the past year [1] - The current price increase is over 11 times the average wage growth, which saw an increase of approximately €2,800 [1] - The inflation rate for house prices in Ireland has reached its highest level in a decade, according to Daft.ie [1] Price Trends - The Central Statistics Office (CSO) reported that house prices have risen for 22 consecutive months, with the price increase for second-hand homes being more than double that of new homes [1] - In Q2, new home prices increased by 4.2% year-on-year, while second-hand home prices rose by 8.8% [1] - In June, house prices in Dublin increased by 6.6%, while prices outside Dublin saw an increase of 8.8% [1]