DUBLIN (Alliance News) – Ireland’s residential property prices growth accelerated in March, after easing in the previous two months, figures from the Central Statistics Office showed Tuesday.
The residential property price index surged 16.8% year-over-year in March, faster than February’s 14.9% climb. In January, prices had risen 15.5%.
Prices have been increasing since June 2013 and the latest rate of growth was the strongest so far.
On a monthly basis, dwelling property prices fell at a slower pace of 0.9% in March, following a 1.4% decline in the prior month. It was the third month of decrease in a row.
In the capital region, Dublin, residential property prices jumped 22.8% annually in March and rose 1.1% from the preceding month.