Property prices fall in January but rise in Dublin

Property prices fall in January but rise in Dublin Property prices fall in January but rise in Dublin

Residential property prices fell by 0.6% in the month of January but rose by half a percent in the capital, according to the latest figures from the Central Statistics Office (CSO).

The nationwide fall of 0.6% compares with a decrease of 0.5% recorded in December and a decline of 1.9% recorded in January of last year.
In the year to January, residential property prices at a national level, fell by 3.3%. This compares with an annual rate of decline of 4.5% in December and a decline of 17.4% recorded in the twelve months to January 2012.

In Dublin residential property prices rose by 0.5% in January and were 2.1% higher than a year ago. Dublin house prices rose by 0.3% in the month and were 2.8% higher compared to a year earlier. Dublin apartment prices were 4.6% lower when compared with the same month of 2012.

The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell by 1.6% in January compared with a decline of 0.7% in January last year. Prices were 7% lower than in January 2012.

House prices in Dublin are 54% lower than at their highest level in early 2007. Apartments in Dublin are 61% 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 47%. Overall, the national index is 50% lower than its highest level in 2007.
Advertisement

Stay on top of the latest news with our newsletters.

Processing your request...

You are subscribed now!

© Copyright MyHome.ie 2023.

Advertisement