Residential property prices increase by 12.8% in the year to September

Residential property prices increase by 12.8% in the year to September

Residential property prices nationally in the year to September increased by 12.8%, according to the latest information from the Central Statistics Office (CSO).

This compares with an increase of 11.8% in the year to August and an increase of 8% in the 12 months to September 2016.

In Dublin, residential property prices increased by 12.2% in the year to September. Dublin house prices increased 12.4%. Apartments in Dublin increased 11.4% in the same period.

The highest house price growth was in Dublin City, at 13.9%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, with house prices rising 9.9%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.2% higher in the year to September. House prices in the Rest of Ireland increased 12.8% over the period. The West region showed the greatest price growth, with house prices increasing 16.5%.  The Mid-West region showed the least price growth, with house prices increasing 9.8%. Apartment prices in the Rest of Ireland increased 15.5% in the same period.

Overall, the national index is 23.7% lower than its highest level in 2007. Dublin residential property prices are 24.5% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 29.9% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 70.2%. In the same period, Dublin residential property prices have increased 87.0% whilst residential property prices in the Rest of Ireland are 61.4% higher.

There is 1 comment for this article
  1. Jim at Careful Gardener at 2:52 pm

    wow, are we sprinting into another bubble?

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