Property prices on the rise in May

Residential property prices grew by 0.3% in the month of May, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 0.8% recorded in April. Prices grew by 0.2% in the month of May of last year.

In the year to May, residential property prices at a national level, fell by 1.1%. This compares with an annual rate of decline of 1.2% in April and a decline of 15.3% recorded in the twelve months to May 2012.