Dublin houses 22% dearer than 12 months ago

House prices in the capital are more than one fifth more expensive than a year ago.

The residential property price index shows that Dublin house prices rose by more than 4% last month and were 22% higher than a year ago.

Prices outside the capital are also rising, but much more slowly.

Residential properties rose by 0.6% in May, and are nearly 2% higher than a year ago.

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