In 10 years House Prices jump up 270% while wages are up 70%

House prices in Ireland increased by 270% over the past ten years, according to the results of a survey published today.

The Permanent TSB/ESRI House Price Index said that the average annual increase in prices was almost 15% for each year since 1996.

Prices in Co Wicklow increased the most at 310% while the smallest increase was recorded in Co Roscommon where prices grew by 190%.

The average house price in 1996 was €75,000. In 2005, the average house price was €280,000.

According to the report, while ten years ago the difference between comparable houses in Dublin and the rest of the country was an average figure of €10,000, the gap now stands at an average figure of €130,000.

Special 10th Anniversary Edition of the permanent tsb/ ESRI House Price Index