Second report shows rise in house prices
Inflation has hit the prices of second-hand houses again according to a new report.
The average price of second hand property rose by 6.4% during the period April to June.
The new estimates have been announced by auctioneers Sherry Fitzgerald.
Prices are reported to have risen by an estimated 12.3% during the first six months of this year altogether for second hand property.
The rate of price inflation is a reflection of the market in relation to the turbulence of last year, according to economists.
However, economists are saying that the price rise is not an indication of a long term trend.
