Irish house price inflation jumped closer to 9 per cent in June amid a shortage of second-hand properties for sale across the market.
The latest residential property price index, compiled by the Central Statistics Office (CSO), indicates that house prices increased by 8.6 per cent in the 12 months to the end of June, up from a rate of 8.2 per cent in May.
The figures reveal property prices in Dublin rose at an even higher rate than the national average, up 9.3 per cent in June from 8.2 per cent in May.
House prices outside Dublin, meanwhile, surged by 8.2 per cent over 12 months.
“Average house prices are now 10.8 per cent higher than at the height of the previous property boom in April 2007,” the CSO said.
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