House prices in Dublin increase

A new report on property prices in Dublin shows the average cost of a second-hand house in the capital is €279,000.

The DNG House Price Gauge has found that second-hand houses are an average of €37,500 more expensive now, than 12 months ago.

House prices have increased at an annual rate of 15.1% to the end of June this year, marking four consecutive quarters of positive growth in Dublin house values.

Meanwhile, cash transactions accounted for 62% of all second-hand house purchases in the first three months of this year.