€25,000 rise in a year

Irish Daily Mail - - News -

HOUSE prices in­creased by an av­er­age of al­most €25,000 over the last year, new CSO fig­ures show. The av­er­age home now costs €282,000 across the coun­try – up from €257,000 a year ago.

Prices are ris­ing at their fastest rate in two years since the Cen­tral Bank in­tro­duced tough mort­gage lend­ing re­stric­tions to pre­vent a new prop­erty bub­ble.

In Dublin, they rose by al­most 12% in the year to Au­gust, to an av­er­age of more than €416,000.

House-price growth in Dublin City was sharpest at 13.4%. By con­trast, the low­est growth was in Fin­gal, with prices ris­ing 9%.

Prop­erty prices in the rest of the coun­try were 12.6% higher in the 12 months to Au­gust.

The least ex­pen­sive place to buy over the past year was the Border re­gion, with an av­er­age price of €123,570.

The least ex­pen­sive county was Long­ford, with an av­er­age price of al­most €95,700.

House prices in the rest of Ire­land went up by al­most an eighth over the year.

The West showed the great­est rise, up 15.4%. The MidWest re­gion showed the least price growth at just 9.6%.

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