House prices rising faster than in EU

Irish house prices are rising faster than most in the EU, where prices continue to mostly fall.

Having plummeted by more than half in Ireland on average, they rose an average of 3.7% in the three months to the end of September compared to the same period in 2012 — eight times higher than the EU average which saw a drop of 0.5%.

The jump when the same quarter — July to September — is compared to the previous quarter, is even more steep at 4.1% — the highest after Estonia, and six times the EU average increase of 0.7%.