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House prices soaring by €100 a day as property heats up to boom-time levels

House prices are increasing by Celtic Tiger levels of almost €100 a day as the market shows no signs of slowing down.

The Q1 Irish Independent REA Average House Price Survey has found that average house prices rose by 3.16pc nationally in the first three months of the year, matching the 1pc-a-month increases experienced during the boom.

Almost 60pc of all purchasers were first-time buyers, a figure which rose to 76pc in Dublin as people with mortgage approval scramble to get a foothold on the housing ladder.

Two other property price surveys, released from Daft.ie and MyHome.ie, also show a continued property market squeeze with rising asking prices nationwide.

Read the full details in the Irish Independent

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