Residential property prices rise 8.6% in the year to August

October 10, 2018 MyHome.ie by MyHome.ie
Residential property prices rise 8.6% in the year to August

Residential property prices at national level increased by 8.6% in the year to August.

That’s according to the latest figures from the Central Statistics Office (CSO).

This compares with an increase of 10.0% in the year to July and an increase of 11.8% in the twelve months to August 2017.

In Dublin, residential property prices increased by 6.1% in the year to August. Dublin house prices increased 5.5%. Apartments in Dublin increased 9.3% in the same period. The highest house price growth was in Dún Laoghaire-Rathdown, at 9.0%. In contrast, the lowest growth was in South Dublin, where house prices increased 5.0%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 11.4% higher in the year to August. House prices in the Rest of Ireland increased 10.8% over the period. The Mid-West region showed the greatest price growth, with house prices increasing 21.5%. The Border region showed the least price growth, with house prices increasing 6.1%. Apartment prices in the Rest of Ireland increased 16.4% in the same period.

Advertisement

Overall, the national index is 18.9% lower than its highest level in 2007. Dublin residential property prices are 21.5% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 23.5% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 81.1%. Dublin residential property prices have increased 94.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 76.0% higher than the trough, which was in May 2013.

Tags:
Uncategorized CSO 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