Property prices increase in July

Property prices increase in July

Screen Shot 2015-08-26 at 14.33.38Residential property prices rose by 0.9% nationwide last month, according to the latest figures from the Central Statistics Office (CSO).

The increase means residential property prices remained up 9.4% on an annual basis.

In Dublin residential property prices rose by 0.7% in July.  Dublin residential property prices were 9% higher than in July 2014.

Dublin house prices rose by 0.6% in July whilst Dublin apartment prices increased by 2.7%.  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 1.2% in July. Prices were up 9.6% compared with July 2014.

At national level residential property prices were 36.9% lower than their peak level in 2007.  Dublin house prices were 36.3% lower than their peak, Dublin apartment prices were 40.6% lower than their peak and Dublin residential property prices overall were  37.9% lower than their highest level.  Outside of Dublin residential property prices were 39.8% lower than their highest level in 2007.

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