March 14, 2018 / 11:32 AM / a year ago

Irish annual house price growth highest in 33 months in January

FILE PHOTO - A crane is seen behind a row of residential properties in the Capital Dock area of Dublin, Ireland December 5, 2016. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) - Irish house prices grew 12.5 percent in the year to January, the highest annual growth rate since early 2015, data showed on Wednesday.

A sharp recovery in prices that began in Ireland five years ago showed some signs of stabilising in 2016 before accelerating again last year. Average prices are still below a peak hit during a property bubble a decade ago.

On the month, house prices rose by 0.9 percent, after a 0.6 percent rise in December. Growth over the last three months was 2.3 percent, the second slowest pace by that measure in six months.

Reporting by Conor Humphries; editing by John Stonestreet

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