March 10, 2017 / 11:23 AM / in 4 months

Irish property prices up 7.9 percent year-on-year in January

1 Min Read

DUBLIN (Reuters) - Irish property prices rose by 0.6 percent month-on-month in January to keep annual growth steady at 7.9 percent following the first monthly fall in almost a year at the end of 2016, the central statistics office said on Friday.

House price growth has begun to accelerate again in recent months amid a sharp lack of supply following a recovery from a property crash. An easing of central bank lending rules and a new government subsidy also saw mortgage approvals surge in January.

Prices in Dublin, where the recovery began, were 5.3 percent higher year-on-year, while the rest of the country was up 11.3 percent. National prices are on average 31.8 percent below the peak hit a decade ago at the height of the property bubble.

Reporting by Padraic Halpin; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below