Business News

House prices increase in June but rate of growth slows, new figures

Residential property prices increased nationally by 10.7pc in the year to June, new figures from the Central Statistics Office.

This compares with an increase of 13.8pc in May and an increase of 12.5pc in the twelve months to June 2014.

The Central Bank introduced restrictions on mortgage lending in February to try to ensure price rises do not return to unsustainable levels.

Residential property prices rose nationally by 0.1pc in the month of June. This compares with an increase of 0.5pc recorded in May and an increase of 2.9pc recorded in June of last year.
In Dublin residential property prices fell by 0.4pc in June.

Despite this fall, Dublin residential property prices were still 11.1pc higher than in June 2014.

Outside of Dublin residential property prices rose by 0.4pc in June. Prices were up 9.7pc compared with June 2014.

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