The average price of a second-hand house in Dublin has increased by over 10% since the start of the year, according to a price survey released today.
The research, carried out by property company Douglas Newman Good, states that prices increased by 10.4% in the first three months of 2006. This is double the highest quarterly rate at any point last year.
It has caused the firm to revise its 2006 prediction for second-hand property prices upwards from 12% to 18%.
The company believes the strong economic outlook will support the rising property market.
However, this latest survey comes amid advice for house buyers to exercise caution.
