Thursday 23 March 2017

Property market resurgence a case of deja vu all over again – but can it be stopped?

The housing market is heating up again and causing a buyers’ frenzy.
The housing market is heating up again and causing a buyers’ frenzy.

News that property prices shot up again last month shouldn't take you by surprise. Before we analyse, let's just take stock of what is happening.

Property prices were up by 12.5pc in June across the country when compared with the same month a year earlier. In Dublin, prices jumped by 24.4pc over the past year. Apartment prices rose by 18pc, the new figures show and it was the 13th month in a row that prices rose nationally on an annual basis.

The question is where will this stop?

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