Residential property prices up 4.3% in the year to February

Residential property prices up 4.3% in the year to February

Residential property prices increased by 4.3% nationally in the year to February, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 5.2% in the year to January and an increase of 12.5% in the twelve months to February 2018.

In Dublin, residential property prices rose by 1.4% in the year to February, with house prices rising by 1.1% and apartments by 1.8%. The highest house price growth in Dublin was in South Dublin at 3.1%, while the lowest growth was in Dublin City at 0.9%.

Residential property prices in Ireland excluding Dublin were 7.5% higher in the year to February with house prices up by 7.0% and apartments by 14.7%. The region outside of Dublin that saw the largest rise in property prices was the Mid-West at 14.1%, while the smallest rise was recorded in the Mid-East at 2.9%.

Overall, the national index is 18.8% lower than its highest level in 2007. Dublin residential property prices are 22.1% 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 81.3% from their trough in early 2013.Dublin residential property prices have risen 92.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 77.8% higher than at the trough, which was in May 2013.

Leave a Reply