House prices soar another 10% in past 12 months to peak 15% above Celtic Tiger boom values

CSO figures show that inflation in the cost of second-hand homes is now almost double that of new homes at 11% versus 6.4%. File picture: Colin Keegan, Collins Dublin

House prices have risen almost 10% in the last year, as rampant inflation in the housing market looks set to continue into 2025.

The Central Statistics Office’s latest Property Price Index shows that Dublin home price inflation rose 10.4% in the last year at a faster pace than elsewhere in the country where prices rose 9.2%.