Real Estate Daily Report

House price inflation accelerates to almost 8%

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Property News

Residential-Investment,Central-Statistics-Office

Latest official barometer indicates house prices rose an average rate of 7.9 per cent in the 12 months to April this year

House prices: The latest residential property price index from the Central Statistics Office indicated that prices rose at an average rate of 7.9 per cent in the 12 months to April. Illustration: Paul Scott

In Dublin, values rose at an annual rate of 8.3 per cent in April, while prices outside Dublin were 7.6 per cent higher compared with a year earlier.McGarrell Reilly pays over €8m for former Siemens site in south Dublin Demand is also being aided by various Government incentive programmes, including the Help to Buy and the First Home schemes, which have fuelled activity among first-time buyers.

 

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