Average house prices ‘up 15% every year for last decade’

House prices in Ireland have risen by an average of 15% every year for the last decade, according to figures published today by the Economic and Social Research Institute (ESRI) and Permanent TSB.

In their latest house price report, the two groups say prices have risen by 270% over the past 10 years, with the average house now costing €280,000, compared to just €75,000 in 1996.