Europe

Dublin house prices rise 15% over the year

House prices in Dublin are now 15% higher than they were a year ago, according to the latest official figures.

The Residential Property Price Index showed prices in the city rose by 2.3% between September and October.

Outside the city, the housing market is much flatter.

House prices in the rest of the Republic of Ireland rose by 1.5% between September and October and are still 0.3% lower than a year ago.

Earlier this week the Irish broadcaster, RTÉ, reported that a senior EU official had said the rapid rise in prices in Dublin over the past year was "not overly concerning".

The official reportedly said that house prices need to recover from the property crash.