House prices rising by €65 a day

HOUSE prices are rising by around €65 every day - outpacing salary increases.

An average house costs €245,194, or around €458.33 a week, up €11,000 on the price recorded last December.

Although house prices rose in June at the slowest annual pace in 19 months, economists predict prices may end the year with a 10% gain, well ahead of the 3% yearly rise in salaries.