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Property prices defy cost-of-living squeeze to rise 15.2%

Rising cost-of-living issues failed to dampen Irish property prices, which hit a seven-year high in March, with prices 15.2 per cent higher than a year earlier. That was fractionally ahead of the February rate of 15.1 per cent, a figure that was revised down from an originally announced 15.3 per cent.

Properties outside Dublin saw the most dramatic increase, with house prices 17.3 per cent up on the year and apartments costing 17.6 per cent more, according to the Central Statistics Office’s residential property price index.

The Border region featured the fastest growth, with properties costing 25.1 per cent more than in March 2021. The Mid-East region saw the lowest increase outside the capital, at 15.2 per cent.

Read the full details at Irish Times

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