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Property prices rise at fastest pace in two years

PROPERTY prices have risen again, piling more pressure on people trying to purchase their first home.

March saw prices rise at their fastest pace in two years. Potential first-time buyers are already being hit by soaring rents and stagnant wages. The latest figures from the Central Statistics Office show that property prices rose again in March.

A chronic shortage of homes to buy and pent-up demand from those with pandemic savings is pushing up prices. Prices of houses and apartments rose by 3.7pc nationally in the year to March, as the market accelerated further.

Read the full details in the Irish Independent

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