July 24, 2014 / 10:17 AM / in 3 years

Dublin house prices jump 24 pct in year to end of June

DUBLIN, July 24 (Reuters) - Property prices in Dublin rose by 23.9 percent year-on-year in June, data showed on Thursday, as a lack of supply pushed prices in the capital to a fresh high since the late 2006 peak of an ill-fated property boom.

Prices in Dublin were 3.3 percent higher compared with the previous month, while across the country they rose 2.9 percent month-on-month and 10.6 percent on the year, while they are 43 percent below the levels of their peak, the Central Statistics Office said.

Ireland’s central bank warned last month that a protracted delay in addressing localised housing shortages, particularly in Dublin, has the potential to put prices on an unsustainable path again. (Reporting by Padraic Halpin; Editing by Hugh Lawson)

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