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Irish house costs, consumer prices post modest growth

Reuters - UK Focus
Updated ·1-min read

DUBLIN, March 12 (Reuters) - Irish residential property prices posted slightly faster annual growth of 1.8% in January than in December, but were down from 5.2% a year ago, Central Statistics Office (CSO) data showed on Thursday.

House prices have stabilised over the last year having shot up for five years following a crash just over a decade ago, and a lack of affordable housing and sky-high rents were central issues in last month's national election. Prices were up 0.7% month-on-month and are 17.3% below their 2007 peak nationally.

Separate CSO data showed inflation across the economy, which barely budged throughout the five-year surge in house prices, was 1.1% year-on-year in February from 1.3% a month earlier. (Reporting by Padraic Halpin; editing by John Stonestreet)