Residential property prices rose by 0.2% nationally in the month of July but fell by 0.3% in Dublin, according to the latest figures from the Central Statistics Office.
The increase nationally in July compares with a decrease of 1.1% in June and a decline of 0.8% recorded in the same month last year.
In Dublin residential property prices were 16.6% lower than a year ago. Dublin house prices (excluding apartments) were down 0.2% in the month as well and were 16.7% lower than a year earlier.
In the year to July, residential property prices at a national level, fell by 13.6%. This compares with an annual rate of decline of 14.4% in June and a decline of 12.5% recorded in the twelve months to July 2011.
Dublin apartment prices were 19.6% lower when compared with the same month of 2011.
The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) rose by 0.3% in July compared with a decline of 1.3% in July last year. Prices were 12.1% lower than in July 2011.
House prices in Dublin are 56% 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 57% 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.
