House prices are on the rise in commuter belts, as industry analysts claim that buyers are being priced out of the market for property in city centres.
Figures released yesterday by the Central Statistics Office revealed that residential property prices rose by 16.2% in the year to November, compared with an increase of 16.3% in October and an increase of 5.6% recorded in the 12 months to November 2013.
,Month on month, residential property prices rose by 0.5% in November compared with an increase of 2.9% recorded in October and an increase of 0.6% recorded in November of last year.
However, while prices in Dublin fell in the last month, November saw the strongest rate of price growth outside the capital since June 2007.
Dublin residential property prices fell by 0.1% in November and were 22.4% higher than a year ago. Dublin house prices fell by 0.1% in the month and were 22.2% higher compared to a year earlier.
Read the full story in the Irish Independent
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