Housing

House prices climb by 2.2 per cent in June despite biting ECB rate hikes

The annual rate of inflation eased significantly from 14.1 per cent a year earlier as borrowing costs rose

The rate of inflation has continued to ease throughout 2023, falling to 4 per cent in March 2023 Pic: Rolling News

House prices rose by 2.2 per cent in the year to the end of June despite rapid interest rate rises driving up the cost of borrowing, according to the latest national price index from the Central Statistics Office (CSO).

This is significantly down from a 14.1 per cent increase in June 2022.

The rate of inflation has continued to ease throughout 2023, falling to 4 per cent in March 2023 and continuing to decline in ...