Reports suggest two-tier property market developing

Tuesday 02 April 2013 21.59
According to Daft.ie, sellers of Dublin properties have increased their asking prices by 0.5%
According to Daft.ie, sellers of Dublin properties have increased their asking prices by 0.5%

Two new reports point to a two-tier property market developing, with the capital recording gains and the rest of the country declining.

A report from Daft.ie says that asking prices in the capital in a 12-month period increased for the first time since 2007.

It recorded an increase of 0.5%.

The overall figures from Daft.ie for the first quarter show a 0.3% increase nationally, with a 1.8% increase in Dublin.

The website MyHome.ie registered property prices in Dublin with no change in the first quarter while nationally they fell by 1.8%.

On an annual basis, MyHome.ie records prices nationally down 9.8% for the 12 months to the end of March.

Daft.ie says they fell 6.6% over the same period throughout the country.

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