Regional house prices see fastest growth since boom

A slowdown in the explosive rate of house price increases in Dublin shows a tough Central Bank regime on mortgage lending is biting, but comes too late to have any effect in lessening the huge hikes looming in household property tax bills.

Residential price figures showed that all properties in Dublin on average eased lower by 0.1% in May, but they are still over 15% higher than a year earlier.

And, while the rate of house price increases may have moderated in the capital, prices outside Dublin increased in May at their fastest annual rate since the boom.