Reuters logo
Irish house prices post fastest monthly rise in three years
September 12, 2017 / 10:32 AM / 9 days ago

Irish house prices post fastest monthly rise in three years

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 residential property inflation posted its fastest monthly rise in three years in July, as a lack of supply combined with surging demand helped to push prices up 3 percent, data showed on Tuesday.

Annual price growth hit a two-year high of 12.3 percent, up from 7.1 percent a year ago, as prices were also buoyed by an easing of lending rules, a new government subsidy for first-time buyers and continued strong economic growth.

Nationally, prices are 28 percent below the peak they hit a decade ago at the height of the property bubble. They have increased 60 percent on average from a 2013 low.

Reporting by Conor Humphries; editing by John Stonestreet

Our Standards:The Thomson Reuters Trust Principles.
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