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  • Property prices fall by 0.5% in January
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Feb 29, 2016 - 11:35

Property prices fall by 0.5% in January

MyHome.ie
By MyHome.ie
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Property prices fall by 0.5% in January

Residential property prices decreased by 0.5% in the month of January, according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 0.5% recorded in December and a decrease of 1.4% recorded in January of last year.

In the year to January, residential property prices at a national level, increased by 7.6%. This compares with an increase of 6.6% in December and an increase of 15.5% recorded in the twelve months to January 2015.

In Dublin residential property prices decreased by 1.2% in January and were 3.4% higher than a year ago.

Dublin house prices decreased by 1.1% in the month and were 3.2% higher compared to a year earlier.  Dublin apartment prices were 4.8% higher when compared with the same month of 2015. However, it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series.

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The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) rose by 0.1% in January compared with a decrease of 0.9% in January of last year.  Prices were 11.4% higher than in January 2015.

House prices in Dublin are 34.9% lower than at their highest level in early 2007. Apartments in Dublin are 41.8% lower than they were in February 2007.  Residential property prices in Dublin are 36.8% lower than at their highest level in February 2007.  The price of residential properties in the Rest of Ireland is 35.3% lower than their highest level in September 2007.  Overall, the national index is 33.8% lower than its highest level in 2007.

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  • Central Statistics Office
  • CSO
  • Dublin
  • property prices
  • residential property prices
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