Residential property prices increase by 3% in the year to February

April 15, 2021 MyHome.ie by MyHome.ie
Residential property prices increase by 3% in the year to February

Residential property prices increased by 3% nationally in the year to February, according to the latest figures from the Central Statistics Office (CSO).

This compares to an increase of 2.6% in the year to January and an increase of 1.0% in the twelve months to February 2020.

In Dublin, residential property prices saw an increase of 1.2% in the year to February, while property prices outside Dublin were 4.7% higher.

In Dublin, house prices increased by 1.2% and apartment prices increased by 0.9%. The highest house price growth in Dublin was in South Dublin at 2.8%, while Fingal saw a decline of 1.2%.

Outside Dublin, house prices were up by 4.3% and apartment prices up by 9.6%. The region outside of Dublin that saw the largest rise in house prices was the South East at 6.6% - at the other end of the scale, the Border saw a 0.8% decline. 

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Overall, the national index is 15.5% lower than its highest level in 2007. Dublin residential property prices are 21.2% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 17.5% lower than their May 2007 peak.

Property prices nationally have increased by 88.5% from their trough in early 2013. Dublin residential property prices have risen 95.3% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 89.8% higher than at the trough, which was in May 2013.

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