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Ireland registers highest rate of property price growth: Eurostat

Xinhua, January 22, 2015 Adjust font size:

Ireland had the highest rate of property price growth in the year to September, according to Eurostat on Wednesday.

The price of Irish homes grew by 15 percent in the twelve months to September 2014, compared to a euro zone average of 0.5 percent, Eurostat, the statistical office of the European Union based in Luxembourg, said.

Among the member states for which data are available, the highest annual increases in house prices in the third quarter of 2014 were recorded in Ireland, Estonia, Latvia and the United Kingdom, Sweden and Lithuania, and the largest falls in Slovenia, Italy and Romania, according to the Eurostat figures.

Eurostat said house prices rose by 2.3 percent in the European Union in the third quarter of 2014, compared with the same quarter of the previous year. Enditem