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Dublin House Prices One Third...

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Dublin House Prices One Third Higher Than Average

98FM
98FM

07:43 2 Jan 2014


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House prices in Dublin are now almost one third (28%) higher than the national average, according to figures from MyHome.ie.

The property website says prices in the capital will continue to rise unless the Government takes immediate action to address a shortage of family homes.

Experts say planners need to give the go ahead to family homes rather than apartments to stop a property bubble from emerging.

Caroline Kellegher is from DKM Economic Consultants:

"Over 60% of planning permissions are related to apartments and currently the demand is for family homes, which suggests the permissions available are unsuitable for market needs. 

This may result in a number of planning permissions needed to be amended and subsequently re-entered to the planning process, which will slow down the entries of new properties to the market."


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