Friday, June 09, 2006

AIB Predicts Growth of 12% for house prices in 2006

AIB says that house prices will rise by at least 12 per cent this year but the market is giving mixed signals about future activity. Housing starts have slowed down with less houses likely to be built this year. The bank's June housing market bulletin states that while current activity remains buoyant, registration and commencement data paint a murkier picture about the strength of activity in the opening months of 2006.

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