Property prices rise by 7% in 12 months according to CSO figures

Property prices rose over 7% in the year to January, although prices had been mainly static for the past six months.

Central Statistics Office (CSO) figures show a jump of 7.6% in the year to the end of January.

They compared with an increase of 6.6% in December and an increase of 15.5% in the 12 months to January 2015.