Property prices still rising

The annual rise in house prices has more than doubled in the year to end November to 11.9 percent, boosted by a sharp rise of 5.5 percent in the last four months.
By year end the increase could be as high as 13 percent year-on-year based on the sharp rise seen in recent months.
Niall O’Grady, general manager Permanent TSB said: “Following a softening of the market in the second half of 2001 when prices began to fall, the recent months have seen strong price increases and we expect the growth for the full year to be in the order of 13 percent.”