Residential property prices continued to increase across most parts of Ireland in the year to the end of February, led by gains in the west of the country, according to the latest figures.
Official data from the Central Statistics Office (CSO) shows that house prices in parts of the west of Ireland, including Galway, Roscommon and Mayo, rose by close to 20% year-on-year, which was more than double the average rise of 8% witnessed in Dublin during the same period.
Experts believe that the sharp rise in property values in the west of the country was fuelled mainly by high demand from buyers looking to take advantage of good value for money property deals, with the market recovery in the region lagging behind the capital.
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