27/09/2013

Concerns Raised Over Sudden Housing Market Growth

Steady growth each month in the housing over the last year has raised concerns of a possible property bubble.

According to new figures there has been a 10.6% rise in property prices in the past year, the strongest since the housing market collapsed.

It is understood that prices in Dublin are now rising by as much as €3,000 a month.

However, despite the rise, the market is currently approximately half as valuable as it was in 2007, based on the residential property index.

(MH/CD)

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