Residential property prices increased by 2% nationally in the year to August

Residential property prices increased by 2% nationally in the year to August

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.

There is 1 comment for this article
  1. Joe Brown at 2:49 pm

    Hi
    I am selling my home in Joristown killucan Co.Westmeath,my home is at present on your website,with the granny flat on the rear,can you please help us by highlighting the Granny flat to help us sell it.Its advertised with Sherry fitzgerald Mullingar.
    Thanks
    Joe Brown
    0838578002

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