BREAKING NEWS

BREAKING NEWS

Irish house prices post fastest monthly rise in three years

Now Reading:

Irish house prices post fastest monthly rise in three years

Text size Aa Aa

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)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.