The return of confidence to the economy, positive demographic trends and a lack of supply are driving strong value appreciation in the capital with residential prices growing by 25.1% in the year ending August 2014, according to the Central Statistics Office.

The residential development market has begun to show signs of a response to the increase in house prices with the latest data showing that new residential commencement notices in the first two months of 2014 totalled 1,575, exceeding the entire amount for 2013.

Source : Knight Frank

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