Rate of property price inflation has halved in the last 12 months

The rate of property price inflation has halved throughout Ireland in the last 12 months.

That's according to a property price survey by the Irish Independent.

Increased building costs, interest rate hikes and the cost-of-living crisis contributed to cooling the market.

Mark Keenan, property editor with the Irish Independent, says house price inflation surged during the pandemic.

Mark says a four-bed semi-detached house in Cavan town is two hundred and ten thousand euro.

While in Monaghan the study found a three bed semi in Monaghan town is two hundred and forty five thousand euro.