Property prices increase by another 3.7% nationally

May 12, 2021 admin by admin
Property prices increase by another 3.7% nationally

Residential property prices for houses and apartments increased by 3.7% nationally in the year to March, according to the latest figures from the Central Statistics Office.

This compares to an increase of 3% in the year to February and an increase of 0.9% in the 12 months to March 2020.

In Dublin, residential property prices saw an increase of 2.5% in the year to March, while property prices outside Dublin were 4.9% higher.

In Dublin, house prices increased by 2.8% and apartment prices increased by 0.7%. The highest house price growth in Dublin was in Dun Laoghaire-Rathdown at 3.9%, while Fingal saw a decline of 0.4%.

Outside Dublin, house prices were up by 4.5% and apartment prices up by 10.4%. The region outside of Dublin that saw the largest rise in house prices was the Midlands at 6.7% - at the other end of the scale, the Mid West saw a 1.2% rise.

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Overall, the national index is 14.9% lower than its highest level in 2007. Dublin residential property prices are 20.1% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 17.3% lower than their May 2007 peak.

Property prices nationally have increased by 89.8% from their trough in early 2013. Dublin residential property prices have risen 97.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 90.2% higher than at the trough, which was in May 2013.

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