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House prices rise at fastest pace in six years

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    House prices rise at fastest pace in six years

    In Ireland -

    The average cost of a home in the Emerald Isle rose 1.1pc in the month of November, the most since 2006, according to figures from the country’s Central Statistics Office.

    The rise compares to a fall of 0.6pc in October and a decline of 1.5pc in November last year.

    In particular, house prices in Dublin performed strongly, with prices up 2.7pc in November.

    However, Dublin house prices have yet to fully recover, with house prices 3pc lower compared to a year ago, while Dublin apartments were 13pc lower when compared with the same month in 2011.

    Prices in the rest of Ireland have also taken a hammering and despite a 0.3pc rise in residential property prices last month, they are still 7.2pc lower when compared with November 2011.

    Source: Irish house prices rise at fastest pace in six years - Telegraph

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