Residential property prices fall by 1.1% in June, according to CSO

Residential property prices fall by 1.1% in June, according to CSO

Residential property prices fell by 1.1% in the month of June, according to the latest figures from the Central Statistics Office (CSO).

The slight drop comes just a month after an increased price of 0.2% was recorded in May. However, the decline is less than the drop of 2.1% recorded in June of last year.

In the last 12 months prices at a national level have fallen by 14.4%. This compares with an annual rate of decline in May of 15.3% and a decline of 12.9% recorded in the 12 months to June 2011.

In Dublin residential property prices fell by 1% in June and were 16.4% lower than a year ago. Dublin house prices decreased by 0.8% in the month and were 16.4% lower compared to a year earlier. Dublin apartment prices were 17.9% lower when compared with the same month of 2011.

Advertisement

The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell by 1% in June compared with a decline of 1.9% in June last year. Prices were 13.5% lower than in June 2011.

House prices in Dublin are 56% lower than at their highest level in early 2007. Apartments in Dublin are 62% 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.

Tags:
Uncategorized annual rate of decline Central Statistics Office CSO decline drop

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo