Dublin house prices rising €6,600 a month

House prices in Dublin have soared by more than €6,600 a month since the start of April, according to a study, as CSO figures show prices to be 24.4% dearer than a year ago.

Analysts blame lack of supply for driving up prices and warn that the current rate of increase poses a challenge to levels of affordability and our economic competitiveness.

The cost of homes nationally rose 12.5% in the year to June, the CSO said, as experts predict nationwide increases of 20% by the end of the year.