House prices hike slowest in seven years
House prices in Ireland are rising at their slowest rate since 1997, according to the latest Permanent-TSB house price index.
The index, compiled in association with the Economic and Social Research Institute, showed that house prices had increased by 4.8% nationally in the first half of this year.
Permanent-TSB deputy chief executive Diarmuid Bradley said the low rate of increase was largely due to stability in interest rates and the economy and a rise in the supply of new houses.
