Residential property prices up 1.4% nationally in November but down in Dublin

Residential property prices up 1.4% nationally in November but down in Dublin

Residential property prices increased by 1.4% nationally in the year to November, according to the latest figures from the Central Statistics Office.

This compares with an increase of 1.0% in the year to October and an increase of 7.2% in the twelve months to November 2018.

In Dublin, residential property prices decreased by 0.7% in the year to November – house prices decreased by 0.5% and apartments decreased by 1.2%. The highest house price growth in Dublin was in Fingal at 3.0%, while Dun Laoghaire-Rathdown saw a decline of 6.3%.

Residential property prices in Ireland excluding Dublin were 3.6% higher in the year to November, with house prices up by 3.6% and apartments by 3.9%. The region outside of Dublin that saw the largest rise in house prices was the Border at 9.9% – at the other end of the scale, the Mid-East saw a 0.4% rise.

Overall, the national index is 16.8% 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 19.9% lower than their May 2007 peak.

Property prices nationally have increased by 85.7% from their trough in early 2013. Dublin residential property prices have risen 94.9% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 84.3% higher than at the trough, which was in May 2013.

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