House prices set to rise by10% this year, index shows

HOUSE prices are set to increase by up to 10% this year double the increase of 4.8% in 2001 the permanent tsb House Price Index indicates.

The survey, compiled in association with the ESRI, reveals that house prices nationally grew by 1.3% during August, almost matching the increase in house price in the previous three months. In June, house prices went up by 0.4%, and by 0.5% in May.

Permanent tsb general manager marketing Niall O'Grady said that since the completion of the survey in August, demand for houses remained strong.