Residential property prices up 12.5% in the year to January

March 14, 2018 MyHome.ie by MyHome.ie
Residential property prices up 12.5% in the year to January

Residential property prices at national level increased by 12.5% in the year to January, according to the latest release from the Central Statistics Office (CSO). This compares with an increase of 12.2% in the year to December and an increase of 8.8% in the twelve months to January 2017.

In Dublin, residential property prices increased by 12.1% in the year to December. Dublin house prices increased 11.4%. Apartments in Dublin increased 15.0% in the same period. The highest house price growth was in Fingal, at 14.2%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, where house prices increased 9.0%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.0% higher in the year to January. House prices in the Rest of Ireland increased 13.5% over the period. The West region showed the greatest price growth, with house prices increasing 17.2%.  The South-East region showed the least price growth, with house prices increasing 9.9%. Apartment prices in the Rest of Ireland increased 9.9% in the same period.

Overall, the national index is 22.3% lower than its highest level in 2007. Dublin residential property prices are 23.6% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 28.0% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 73.4%. Dublin residential property prices have increased 89.2% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 65.7% higher than the trough, which was in May 2013.

Advertisement
Tags:
Uncategorized Central Statistics Office CSO CSO House Price Index 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