Figures show 5.5% rise in house prices

The average price of a second-hand house in Ireland rose by 5.5% in the first three months of this year, according to figures released today by the Sherry Fitzgerald Group.

The figures also showed that second-hand house prices in Dublin rose by 5.9% during the same period. Sherry Fitzgerald said these figures place house prices back to the level they were in January 2001 and show an increase of investors in the market.