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Dublin house price growth slowing
07 Jul 2015 14:02
The growth in house prices in Dublin was significantly slower than elsewhere in the country for the second quarter in a row.
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The figures are in the latest House Price Report from property website Daft.ie.
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The report shows that the average increase in Dublin between March and June was 0.6%, while Limerick saw a 5.1% rise.
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Prices were up by 4.4% in Cork, in Galway they climbed by 3.8% and in Waterford they grew by 3.4%.
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Outside the major cities prices were up 2.8% over the same period.
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For the country as a whole, the average asking price for a house in Ireland grew by 1.9% in the second quarter of 2015.
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This means that in all but one of the last seven quarters, the average price has risen nationwide.
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Daft.ie said the average price of a house nationwide is now €202,000, compared to a low of €164,000 in mid-2013 and a peak of €370,000 in 2007.
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Author of the report Ronan Lyons said the figures show the new lending rules introduced by the Central Bank have taken effect.
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