House price increases slow, claims index
House price increases have slowed considerably so far this year, according to the latest Permanenttsb house price index.
The index showed house prices rose 3.8% in the first five months of this year, compared to 5.8% in the same period last year.
Permanenttsb said prices increased by 0.5% in May, considerably lower than the 1.2% increase detected in April.
The financial institution said the average price of a house in Ireland in May was just under €243,000.
The average price in Dublin was almost €320,000, while the average price outside the capital was €213,000.
