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Saturday 20 September 2014

Property prices surge by 8.5pc

Prices of apartments and houses rise for 10th month in a row

Published 28/05/2014 | 11:24

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THE price of houses and apartments continues to surge.

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Figures out this morning show that prices across the State were up 8.5pc in April compared with a year earlier.

It was the 10th month in a row of prices rising on an annualised basis.

For the month of April prices nationally increased by 1.4pc, according to the Central Statistics Office.

Dublin prices rose by 3.1pc in April, and are now almost 18pc higher than they were a year ago.

But there was a fall of 0.3pc in prices outside of the capital in the month. Over the past year prices in the rest of Ireland are up 1.3pc.

Valuations are now 46pc lower than they were at the peak of the boom in 2007, the CSO said.

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