Experts said the rate of increase was moderating, but prices would keep rising this year due to a shortage of homes and a rise in household formation. Values were up 0.6pc in the month and have now risen by almost 16pc in the past year, according to the property price index from the Central Statistics Office (CSO).
Prices have now risen on an annual basis for 23 months in a row. In Dublin residential property prices rose by 1pc in April. Dublin residential property prices were 20pc higher than in April last year.
Residential property prices outside of Dublin rose by just 0.3pc in April. Prices were up 11.4pc compared with April last year, the CSO said.
Read the full details in the Irish Independent
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