Housing waiting game has not paid off for some

Not everyone will be happy with the news house prices are on the rise, writes Fiachra Ó Cionnaith

REPORTS this week of the first year-on-year property price rise in Ireland since Jan 2008 was greeted as a sign that a key part of our economic collapse is finally stabilising.

After half a decade of severe negative equity for many who bought a house or apartment during the boom years, the CSO announced on Tuesday that house prices rose by 1.2% between Jun 2012 and Jun 2013.