Residential property prices increase by 12.8% in the year to September

November 8, 2017 MyHome.ie by MyHome.ie
Residential property prices increase by 12.8% in the year to September

Residential property prices nationally in the year to September increased by 12.8%, according to the latest information from the Central Statistics Office (CSO).

This compares with an increase of 11.8% in the year to August and an increase of 8% in the 12 months to September 2016.

In Dublin, residential property prices increased by 12.2% in the year to September. Dublin house prices increased 12.4%. Apartments in Dublin increased 11.4% in the same period.

The highest house price growth was in Dublin City, at 13.9%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, with house prices rising 9.9%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.2% higher in the year to September. House prices in the Rest of Ireland increased 12.8% over the period. The West region showed the greatest price growth, with house prices increasing 16.5%.  The Mid-West region showed the least price growth, with house prices increasing 9.8%. Apartment prices in the Rest of Ireland increased 15.5% in the same period.

Advertisement

Overall, the national index is 23.7% lower than its highest level in 2007. Dublin residential property prices are 24.5% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 29.9% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 70.2%. In the same period, Dublin residential property prices have increased 87.0% whilst residential property prices in the Rest of Ireland are 61.4% higher.

Tags:
Uncategorized Central Statistics Office CSO property prices residential property prices

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