Residential property prices soar by 12.5% in past year

Property prices soared by 12.5% in the last year and increased by as much as 17% in some parts of the country.

According to the latest property price index from the Central Statistics Office (CSO), residential property prices nationally rose by 12.5% in the last 12 months.

This compares with an increase of 12.2% in the year to December and an increase of 8.8% in the 12 months to January 2017.