Figures show 5.5% rise in house prices
The average price of a second-hand house in Ireland rose by 5.5% in the first three months of this year, according to figures released today by the Sherry Fitzgerald Group.
The figures also showed that second-hand house prices in Dublin rose by 5.9% during the same period. Sherry Fitzgerald said these figures place house prices back to the level they were in January 2001 and show an increase of investors in the market.
The group’s chief economist, Marian Finnegan, predicted further investor interest throughout the year, a move that should see greater stability in the price of rented accommodation.
"After the volatility of 2001, the year ahead is showing signs of increased certainty and stability," she said.
"This is good news for all participants and good news for the economy."
