Property prices on the rise in October

Property prices on the rise in October

Residential property prices rose by 1.6% nationwide in the month of October.

That leaves prices 7.6% up on the same period of last year.

In Dublin residential property prices rose by 1.0% in October. Dublin residential property prices were 4.5% higher than in October 2014.

Dublin house prices rose by 1.0% in October whilst Dublin apartment prices increased by 0.8%. 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 2.1% in October.  Prices were up 10.7% compared with October 2014.

At national level residential property prices were 33.5% lower than their peak level in 2007. Dublin house prices were 33.0% lower than their peak, Dublin apartment prices were 40.2% lower than their peak and Dublin residential property prices overall were 34.9% lower than their highest level. Outside of Dublin residential property prices were 36.3% lower than their highest level in 2007.

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