Property prices jump by another 6.9% nationally

August 12, 2021 MyHome.ie by MyHome.ie
Property prices jump by another 6.9% nationally

Residential property prices for houses and apartments increased by 6.9% nationally in the year to June, according to the latest figures from the Central Statistics Office (CSO).

This compares to an increase of 5.4% in the year to May and no change in the twelve months to June 2020.

Prices have now increased for 10 months in-a-row with increases currently rising at their fastest pace in two-and-a-half years.

In Dublin, residential property prices saw an increase of 6.4% in the year to June, while property prices outside Dublin were 7.4% higher.

In Dublin, house prices increased by 7.4% and apartment prices increased by 2.1%. The highest house price growth in Dublin was in South Dublin at 8.7%, while Fingal saw a rise of 5.6%.

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Outside Dublin, house prices were up by 6.8% and apartment prices up by 15.2%. The region outside of Dublin that saw the largest rise in house prices was the Border at 13.9% - at the other end of the scale, the South West saw a 2.7% rise.

Overall, the national index is 12.3% lower than its highest level in 2007. Dublin residential property prices are 17.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 14.9% lower than their May 2007 peak.

Property prices nationally have increased by 95.4% from their trough in early 2013. Dublin residential property prices have risen 103.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 95.8% higher than at the trough, which was in May 2013.

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