Property prices up 0.9% nationally in year to December but down by the same amount in Dublin

Property prices up 0.9% nationally in year to December but down by the same amount in Dublin

Residential property prices increased by 0.9% nationally in the year to December, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 1.1% in the year to November and an increase of 6.3% in the twelve months to December 2018.

In Dublin, residential property prices decreased by 0.9% in the year to December – house prices decreased by 0.6% and apartments decreased by 1.8%. The highest house price growth in Dublin was in Fingal at 2.9%, while Dun Laoghaire-Rathdown saw a decline of 6.0%.

Residential property prices in Ireland excluding Dublin were 2.8% higher in the year to December, with house prices up by 2.8% and apartments by 2.6%. The region outside of Dublin that saw the largest rise in house prices was the Border at 6.7% – at the other end of the scale, the Mid-East saw a 0.6% rise.

Overall, the national index is 17.5% lower than its highest level in 2007. Dublin residential property prices are 22.1% 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 84.2% from their trough in early 2013. Dublin residential property prices have risen 92.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.3% higher than at the trough, which was in May

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