House prices continue rise outside capital

House prices have stabilised in Dublin but continue to grow strongly in cities like Cork, Galway, Limerick and Waterford according to property website Daft.ie.

Outside the capital, the average rise has been €37,500, or 28%, since the end of 2013. The national average asking price in the first quarter of 2016 was €210,000, compared to €198,000 a year ago and €164,000 at its lowest point. In Dublin, prices have risen by an average of €91,000 or 41% from their lowest point in mid-2012.

The figures are in the latest House Price Report released today by property website, Daft.ie which shows that compared to the same period in 2015, prices in the first quarter of 2016 were 14.9% higher in Cork, 14% higher in Galway and 18% higher in Limerick and Waterford cities.