House prices up over 7% as rise slows

House prices jumped by 7.1% in the 12 months to April as the Government faced renewed warnings about Ireland’s housing crisis.

New figures from the Central Statistics Office (CSO) show that, although house prices are on the rise, it is somewhat slower than last year, when the year-on-year increase to April stood at 15.8%

Residential property prices increased by 0.3% in the month of April. This compares with no change in March and an increase of 0.6% recorded in April of last year.