Residential Property prices rise in March

New figures from the CSO show that house prices are on the rise again.

Residential property prices were up 0.9% across the country in March, pushing the annual increase to 16.8%.

Dublin house prices rose by 1% however Dublin apartment’s recorded the highest rise as they climbed by 2.1%. Dublin residential property prices were 22.8% higher than last year.

Outside of Dublin residential property prices rose by 0.7%, up 10.7% compared with March 2014

The data ties in with the findings of the Daft House Price Report Q1 2015 which noted a strong rise in all 35 regional markets analysed in the Daft Report.

The figures mark the first increase since the introduction of the Central Bank’s new rules on mortgages which restrict the amount that buyers can borrow based on their incomes and the size of their deposit.

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