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Fears property market is overheating after prices jump by 10pc in 12 months

oncern has been raised that the property market is overheating after prices surged again in August.

They were up by 10pc, the first time in two years that increases were in double digits.

Prices have risen now for 12 months in a row.

The European Central Bank (ECB) is poised today to deliver its third rate cut this year.

Figures from the Central Statistics Office (CSO) show prices increased by 10.1pc in the year to August.

Experts said it was the highest rate of annual increase since September 2022.

Read the full details in the Irish Independent

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