Price of houses to 'increase by 12%'

HOUSE price inflation will continue this year, with the average price of a house nationally expected to grow by 12% to €270,000, which is 38% greater than in England and Wales.

The influential Irish Property Review, compiled by Bank of Ireland chief economist Dan McLaughlin, predicts Dublin prices will increase by 14% by December, bringing the average house price in the city to €363,000.

In contrast, prices in England and Wales stagnated for the third month in August.