Jerome Reilly: Mixed messages as retail faces a crisis
Spending has dramatically fallen – but property boost may give us some hope.
For the first time in five years, the price of houses in Dublin has risen year on year. That means that the average cost of a house in Dublin is now €191,000 – 2.1 per cent higher than this time last year and just in time for the property tax.
The CSO figures released on Thursday show that house prices outside the capital are still on a downward path.
It means that, on a national basis, the price of houses is 3.3 per cent lower than a year ago.