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Irish Property Market Shows Signs of Recovery

Posted by: In: Real Estate 01 Apr 2014 Comments: 0 Tags: ,

According to figures released by the Central Statistics Office house prices across Ireland rose by an average of 8.1% in the year to February . These latest statistics confirm that on average house prices have been rising steadily for nine consecutive months and that the average national price rise is the strongest that it has been since before the crash in June 2007. Such figures give strength to the belief that a ‘broad-based recovery’ for the Irish housing market is well underway.

Outside of Dublin house prices across the country rose by 0.9% during the month of February and were up by 4.2% compared with the same month last year. Yet while house prices continued to rise throughout most of the country, they did not perform quite so well in the city of Dublin during the month of February. The value of property in the capital fell by 0.6% compared from the figure posted in the previous month of January. However house prices in Dublin still managed to be 13.3% higher than they were in February 2013, making the overall picture a positive one despite this small setback. Equally the progressively rising prices across the rest of the …read more

Source: Property show rooms



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