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Irish house prices up 10.5 percent year-on-year in April
June 7, 2017 / 10:26 AM / 6 months ago

Irish house prices up 10.5 percent year-on-year in April

DUBLIN (Reuters) - Irish residential property prices climbed 10.5 percent in the year to the end of April, posting their highest annual growth rate since June 2015, data showed on Wednesday.

Residential apartments and the Aviva Stadium are reflected in water in the Grand Canal Dock area of Dublin, Ireland December 5, 2016. REUTERS/Clodagh Kilcoyne

House price growth is accelerating amid a chronic lack of supply and a surge in demand for mortgages following an easing of central bank lending rules and the introduction of a new government subsidy.

Nationwide prices were up 1.1 percent in April compared with March, while in Dublin they were up 0.2 percent as prices outside the capital climbed 2.1 percent, the Central Statistics Office said.

Reporting by Conor Humphries; Editing by Hugh Lawson

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