Property prices rise in March

Property prices rise in March

Residential property prices rose by 0.9% nationwide during the month of March, according to the latest figures from the Central Statistics Office (CSO).

In total property prices are up 16.8% on an annual basis.

In Dublin residential property prices rose by 1.1% in March and were 22.8% higher than in March 2014.

Dublin house prices rose by 1.0% in March whilst Dublin apartment prices increased by 2.1%.  However, it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series.

Outside of Dublin residential property prices rose by 0.7% in March. Prices were up 10.7% compared with March 2014.

At national level residential property prices were 38.2% lower than their peak level in 2007.  Dublin house prices were 36.9% lower than their peak, Dublin apartment prices were 42.2% lower than their peak and Dublin residential property prices overall were 38.7% lower than their highest level.  Outside of Dublin residential property prices were 41.5% lower than their highest level in 2007.

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