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House prices up 2% between June and July

Property prices across the country have continued to rise. Figures released by the Central Statis...
Newstalk
Newstalk

12.01 27 Aug 2014


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House prices up 2% between Jun...

House prices up 2% between June and July

Newstalk
Newstalk

12.01 27 Aug 2014


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Property prices across the country have continued to rise. Figures released by the Central Statistics Office (CSO) today show property prices rose by 2% in July from June.

Over the last 12 months, prices nationally have climbed by more than 13%.

The Dublin housing market is rising faster than the rest of the country.

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Prices in the capital increase by 2.5% from June, and have gained more than 23% in the last year.

It comes a day after a survey from the Society of Chartered Surveyors Ireland (SCSI), which showed that 90% of respondents expect that average national house prices will be higher in 12 months' time.

30% say they believe residential property prices will grow nationally by 5% in the next year.

While 29% of SCSI members expect there will be no change in national house prices in the next quarter, but 25% believe house prices in Dublin may rise by 5% in the next quarter.

Philip O'Sullivan, chief economist with Investec Ireland, says the Dublin house market is rising faster than the rest of the country.


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