Property prices tipped to rise up to 20pc this year
Increases so far this year mean values are on course to jump by up to 20pc in the capital, a leading economist said.
And across the country as a whole, property price rises of 10pc for the year have been forecast by Alan McQuaid of Merrion Stockbrokers.
He said the official figures from the Central Statistics Office (CSO) showed there was now strong evidence of a recovery in the housing market.
"Based on the figures for the first five months of 2014, we now see an average rise in Irish house prices of around 10pc for the year as a whole, with Dublin posting the biggest increase, of 15pc to 20pc.
“This compares with an average increase in house prices of 1.8pc in 2013, the first positive change since 2007,” he said in Merrion’s quarterly ‘Economic Outlook’.