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A new EU Report shows a slowdown in the Euro Zone GDP growth which may signal the end of the ECB base rate increases.
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Stamp duty changes reduce uncertainty and release some of the logjam in the market
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Vendors’ ‘Asking Prices’ are being adjusted downward in response to increased cost of finance.
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Stronger growth was recorded in Dublin compared to average growth outside of Dublin, with the Average House Price Growth Rates at 15.
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The Commuter Counties of Louth, Meath, Kildare and Wicklow experienced House price growth of 15.
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According to the ESRI report, House Prices in Ireland in 2006 grew by 11.
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According to the ESRI's House Price Index, Average National House Prices in 2006 increased more for Second Time Buyers than First Time Buyers in 2006, which is a complete turnabout compared to 2005.
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It would appear that Second Hand Homes are fetching slightly better prices than New Homes according to the ESRI HPI figures released in October 2006.
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House Price increases in Ireland, and more particularly in the greater Dublin area, have taken a breather after a very strong first 8 months of 2006.
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Recent ESRI Statistics show that national house price growth between May 2005 and May 2006 was 14.
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