Residential property prices increased by 0.5% nationally in the year to April

Residential property prices increased by 0.5% nationally in the year to April

Residential property prices increased by 0.5% nationally in the year to April, according to the latest figures from the Central Statistics Office.

This compares with an increase of 0.9% in the year to March and an increase of 2.9% in the twelve months to April 2019.

In Dublin, residential property prices decreased by 0.1% in the year to April – house prices increased by 0.2% and apartments increased by 0.9%. The highest house price growth in Dublin was in Fingal at 2.7%, while Dublin City and Dun Laoghaire-Rathdown both saw a decline of 1.8%.

Residential property prices in Ireland excluding Dublin were 1.1% higher in the year to April, with house prices up by 1.4% and apartments down by 0.8%. The region outside of Dublin that saw the largest rise in house prices was the West at 5.8% – at the other end of the scale, the South-East saw a 2.3% decline.

Overall, the national index is 18.1% lower than its highest level in 2007. Dublin residential property prices are 22.6% 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 82.6% from their trough in early 2013. Dublin residential property prices have risen 91.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.6% higher than at the trough, which was in May 2013.

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