House price growth twice EU average

The mortgage market in Ireland has grown sixfold over the last ten years and house price growth is almost twice the EU average, according to new figures.

18th February, 2006

The mortgage market in Ireland has grown sixfold over the last ten years and house price growth is almost twice the EU average, according to new figures.

The figures, from the European Mortgage Federation (EMF), which represents mortgage lenders across the EU, show that Irish house price growth increased by 11.2 per cent in 2004, compared to an EU average of 7.4 per cent.

The highest house price growth was in Malta, which saw prices increase by 18.8...

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