This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 17 °C Thursday 16 August, 2018
Advertisement

Property prices rise by 12.5% nationally

The west region showed the greatest price growth, with house prices increasing by 17.2% in the year to January.

File Image: House prices set to rise by 8% during 2018 END Source: Eamonn Farrell/RollingNews.ie

IN THE YEAR to January, residential property prices increased by 12.5% nationally.

This compares with an increase of 12.2% in the year to December and an increase of 8.8% in the 12 months to January 2017, according to figures released by the Central Statistics Office (CSO) today.

In Dublin, residential property prices increased by 12.1% in the year to December.

House prices in the capital increased by 11.4%, while the cost of apartments increased 15% in the same period. The highest house price growth was in Fingal, at 14.2%. In contrast, the lowest growth was in Dún Laoghaire-Rathdown, where house prices increased 9%.

West and southeast 

Residential property prices outside Dublin were 13% higher in the year to January. House prices nationally (excluding the capital) increased by 13.5% over the same period.

The west region showed the greatest price growth, with house prices increasing by 17.2%. The southeast region showed the least price growth, with house prices increasing 9.9%. Apartment prices outside Dublin increased 9.9% in the same period.

chart Source: CSO

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 outside the capital are 28% lower than their May 2007 peak.

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

Read: Flood warnings issued in Kilkenny and Cork after ‘extreme rainfall’

Read: Siptu calls for remuneration for members who ‘worked tirelessly’ during Storm Emma

  • Share on Facebook
  • Email this article
  •  

About the author:

Órla Ryan

Read next:

COMMENTS (45)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel