Property prices up 8.4% nationally in the year to October

Property prices up 8.4% nationally in the year to October

Residential property prices increased by 8.4% nationally in the year to October, according to the latest figures from the Central Statistics Office.

This compares with an increase of 8.5% in the year to September and an increase of 11.7% in the twelve months to October 2017.

In Dublin, residential property prices rose by 6.3% in the year to October, with house prices rising by 6.6% and apartments by 5.7%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 8.2%, while the lowest growth was in South Dublin at 5.0%.

National residential property prices in Ireland excluding Dublin were 10.6% higher in the year to October, with house prices up by 10.3% and apartments by 14.5%. The region outside of Dublin that saw the largest rise in property prices was the Mid-West at 21.5%, while the smallest was recorded in the Mid-East at 8.3%.

Overall, the national index is 17.6% lower than its highest level in 2007. Dublin residential property prices are 20.1% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 22.7% lower than their May 2007 peak.

Property prices nationally have increased by 83.8% from their trough in early 2013. Dublin residential property prices have risen 98.0% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 77.9% higher than at the trough, which was in May 2013.

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