€25,000 rise in a year
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%.