Residential property prices increased by 2% nationally in the year to August, according to the latest figures from the Central Statistics Office.
This compares with an increase of 2.3% in the year to July and an increase of 8.9% in the twelve months to August 2018.
In Dublin, residential property prices decreased by 0.3% in the year to August – house prices decreased by 0.6% and apartments rose by 0.7%. The highest house price growth in Dublin was in Fingal at 2.3%, while Dun Laoghaire-Rathdown saw a decline of 6.1%.
Residential property prices in Ireland excluding Dublin were 4.4% higher in the year to August, with house prices up by 4.1% and apartments by 5.3%. The region outside of Dublin that saw the largest rise in house prices was the Border at 13.1%, while the Mid-East recorded a decrease of 0.8%.
Overall, the national index is 17.0% lower than its highest level in 2007. Dublin residential property prices are 21.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.3% lower than their May 2007 peak.
Property prices nationally have increased by 85.2% from their trough in early 2013. Dublin residential property prices have risen 95.0% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.5% higher than at the trough, which was in May 2013.