Residential property prices increased by 1.1% nationally in the year to February

Residential property prices increased by 1.1% nationally in the year to February

Residential property prices increased by 1.1% nationally in the year to February, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 1.1% in the year to January and an increase of 4.3% in the twelve months to February 2019.

In Dublin, residential property prices decreased by 0.1% in the year to February – house prices saw no change and apartments increased by 0.8%. The highest house price growth in Dublin was in Fingal at 3.4%, while Dun Laoghaire-Rathdown saw a decline of 2.9%.

Residential property prices in Ireland excluding Dublin were 2.4% higher in the year to February, with house prices up by 2.5% and apartments by 0.5%. The region outside of Dublin that saw the largest rise in house prices was the Border at 7.6%, – at the other end of the scale, the South-East saw a 1.2% decline.

Overall, the national index is 17.9% 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 21.1% lower than their May 2007 peak.

Property prices nationally have increased by 83.1% from their trough in early 2013. Dublin residential property prices have risen 93.0% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.5% higher than at the trough, which was in May 2013.

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