Property price rises pick up steam again as hikes up over 10pc

The pace of property price rises has picked up again.

They were up 10.5pc in the year to April, which was stronger than the 9.6pc increase in March, according to the latest information from the Central Statistics Office.

Prices rose by 1.1pc in the month of April, as a chronic shortage of supply means buyers have to compete hard to secure a purchase.

In Dublin, residential property prices increased by 8.2pc in the year to April.

But higher price rises were recorded outside the capital, with a surge of 13.4pc.

The West region showed the greatest price growth, with house prices increasing by almost 18pc.

Read the full details in the Irish Independent

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