Property market shows signs of life as number of sales rises 6%

There are signs of a rebound in the property market with the number of homes sold in the first half of 2013 up by 6%, although average house prices are continuing to fall.

An analysis of filings with the Residential Property Price Register for the first six months of the year show 10,145 transactions were registered by last week compared to 9,559 over the same period in 2012.

The combined value of all property sales so far this year also increased by 9%, or almost €160m, to €1.96bn.