House prices rise in September, according to CSO

October 24, 2012 The MyHome Newsdesk by The MyHome Newsdesk
House prices rise in September, according to CSO

Residential property prices rose by 0.9% in the month of September, according to the latest figures from the Central Statistics Office (CSO).

The increase in prices was even greater in Dublin, where prices rose by 2.4% in the month.

The 0.9% increase compares with an increase of 0.5% recorded in August and a decline of 1.5% a year earlier. In the year to September, property prices fell by 9.6%. This compares with an annual rate of decline of 11.8% in August and a decline of 14.3% in the 12 months to September 2011.

In the capital house prices increased by 2.6% in the month but were 10.6% lower compared to a year earlier. Dublin apartment prices were 8.8% lower when compared with the same month of 2011.

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The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell by 0.1% in September compared with a decline of 1.0% in September last year. Prices were 9.9% lower than in September 2011.

House prices in Dublin are 55% lower than at their highest level in early 2007. Apartments in Dublin are 63% lower than they were in February 2007. Residential property prices in Dublin are 56% lower than at their highest level in February 2007. The fall in the price of residential properties in the Rest of Ireland is somewhat lower at 46%. Overall, the national index is 50% lower than its highest level in 2007.

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Uncategorized annual rate of decline apartment prices Central Statistics Office CSO decline

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