House prices 'still rising'

Sherry FitzGerald announced today that the average price of a second-hand property in Ireland rose by 3.9% in the second quarter of the year.

This brings inflation for the year to date to 7.6%, while the figure for the 12 months to June 2004 stood at 12.2%. This compares to growth of 11.3% in the year to March 2004.