Further Positive Signs On Property Market

There are further signs today of some recovery in the property market.

The price of houses and apartments increased during the year to the end of July – by two point three per cent.

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It compares to a fall in values of 13 point six per cent – during the same period last year. In the year to the end of June – property prices recorded their first annual growth in five years.

However, the Central Statistics Office says overall values are still 49 per cent lower than at the peak in 2007.