Property prices up 2.3% in the year to July but down in Dublin

Property prices up 2.3% in the year to July but down in Dublin

Residential property prices increased by 2.3% nationally in the year to July, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 2.0% in the year to June and an increase of 10.0% in the twelve months to July 2018.

In Dublin, residential property prices decreased by 0.2% in the year to July – house prices decreased by 0.5% and apartments rose by 0.9%. The highest house price growth in Dublin was in South Dublin at 3%, while Dun Laoghaire-Rathdown saw a decline of 6.3%.

Residential property prices in Ireland excluding Dublin were 4.8% higher in the year to July, with house prices up by 4.6% and apartments by 5.4%. The region outside of Dublin that saw the largest rise in house prices was the Border at 16.1%, while the smallest rise was recorded in the Mid-East at 0.4%.

Overall, the national index is 17.3% lower than its highest level in 2007. Dublin residential property prices are 21.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.2% lower than their May 2007 peak.

Property prices nationally have increased by 84.7% from their trough in early 2013. Dublin residential property prices have risen 93.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.6% higher than at the trough, which was in May 2013.

Leave a Reply