Survey shows 6% rise in house prices
Average house prices in Ireland have risen by almost 6% so far this year, according to a study by the Institute of Professional Auctioneers and Valuers.
The study, conducted in association with UCD’s centre for real estate research, found that the average price for a new house in the first six months of 2002 was €166,200.
The average house price in the greater Dublin area was almost €247,300, a rise of 5.4% since December 2001.
The survey also found that 70% of auctioneers believe prices will continue to rise for the remainder of the year.
