Residential property prices increase 2% nationally in the year to June

Residential property prices increase 2% nationally in the year to June

Residential property prices increased by 2% nationally in the year to June, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 2.6% in the year to May and an increase of 11.9% in the twelve months to June 2018.

In Dublin, residential property prices rose by 0.1% in the year to June, with house prices unchanged and apartments rising by 0.1%. The highest house price growth in Dublin was in South Dublin at 3.6%, while Dun Laoghaire-Rathdown saw a decline of 4%.

Residential property prices in Ireland excluding Dublin were 3.9% higher in the year to June, with house prices up by 3.6% and apartments by 6.1%. The region outside of Dublin that saw the largest rise in house prices was the Border at 14.7%, while the Mid-East recorded a decline of 0.1%.

Overall, the national index is 18.0% lower than its highest level in 2007. Dublin residential property prices are 22.2% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.3% lower than their May 2007 peak.

Property prices nationally have increased by 83.0% from their trough in early 2013. Dublin residential property prices have risen 92.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.1% higher than at the trough, which was in May 2013.

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