Irish Property Prices increase for second month running

According to a report in the property section of today's Irish Times "Residential property prices in the Republic increased for the second consecutive month in August sparking hopes that the market may be stabilising, although the yearly declines still remain precipitous."

The figures from  the Central Statistics Office shows that residential house prices increased by 0.5 per cent in August compared with a 0.2 per cent rise in July of this year. According to the Central Statistics Office report (Click here to view) in the year to August 2012 residential property prices on a national level fell by 11.8 per cent compared to 13.6 per cent in July this year.

Hopefully the increase will continue from now onwards.