February 16, 2011
By Staff Reporter
By Andrew Bushe
DUBLIN — Land and housing prices throughout Ireland are on the rise again, according to new statistics.
Housing prices rose by 0.7 percent in February — the first increases since last August, according to the Permanent TSB house price index.
The cost of homes had been in the doldrums as a result of the economic downturn but had been given a boost by last December’s budget measures, which brought investors back into the market.
The index shows prices rose by 2.6 percent in the 12 months to February 2002, compared to 2.4 percent in the 12 months to January 2002.
Dublin house prices rose by 0.3 percent in February, compared to 0.7 percent in the rest of the country. The price of existing homes rose 1.2 percent in the month.
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Central Statistics Office figures show agricultural land prices in the July-September quarter last year rose by 8.8 percent compared to April-June.
Farmland was costing euro 15,473 a hectare, or euro 6,262 an acre.