Business News

House prices continue to grow but rise in capital double that of national average

THERE has been another strong rise in property prices. They rose by 10.6pc in May when compared with a year previously, the Central Statistics Office said today.

In the month of May, prices nationally were up 2.3pc.

But the surge in prices in the capital was double the national average.

Prices jumped by 22pc in Dublin compared with a year ago, after a rise of 4.2pc in the month.

Outside of Dublin prices were up 1.8pc compared with a year ago, and up 0.6pc in the month.

Prices over the entire country are still down 45pc from their peak in 2007, the Central Statistics Office said.

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