Ireland housing market continues to recover, Dublin in mini-bubble?
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Ireland’s housing market continues to recover. The national residential property price index rose by 6.12% (6.01% in real terms) during the year to October 2013, according to Central Statistics Office Ireland. However in the latest Daft.ie report, average transaction prices were up by only 1.9% y-o-y.
The housing market in Dublin is much healthier. The residential property price index in Dublin rose by a whopping 15.02% (14.91% in real terms) during the year to October 2013. This is the tenth consecutive month of growth in residential prices in Dublin, raising concerns over an emerging property bubble in the capital.
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