Second-hand house prices rise 8%

HOUSE prices are continuing to rocket, as the average price of a second-hand property rose by almost 8% over the first three months of this year.

This followed growth of 17.3% during last year, according to estate agents Sherry FitzGerald, which yesterday published its latest house price study for the first quarter of 2006.

According to the company, house price inflation is expected to average 15% for the rest of the year.