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Version 1 | Version 2 |
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House prices rise 'only in Dublin' | House prices rise 'only in Dublin' |
(about 4 hours later) | |
House prices in the Republic of Ireland have increased by 2.8% in the year to August. | House prices in the Republic of Ireland have increased by 2.8% in the year to August. |
Almost all the gains are being driven by the Dublin market where prices are now 11% higher than they were in 2012. | Almost all the gains are being driven by the Dublin market where prices are now 11% higher than they were in 2012. |
Outside Dublin, prices are almost 3% lower than they were a year ago. | Outside Dublin, prices are almost 3% lower than they were a year ago. |
House prices in the Republic are still 49% lower than at their highest level in early 2007. | House prices in the Republic are still 49% lower than at their highest level in early 2007. |
The inflating and subsequent bursting of a property price bubble was largely responsible for the near collapse of Ireland's banking system in 2008. | The inflating and subsequent bursting of a property price bubble was largely responsible for the near collapse of Ireland's banking system in 2008. |
NB: This story was amended on 27 September to remove the statement that Irish house prices reached a six year high. |