PROPERTY PRICES ACROSS the country have continued to rise this month, according to new CSO figures released today.
In the year leading up to October 2014, prices have grown by 16.3% – this included an increase of 1.3% in the month of October across the country.
While there was a steady increase in the price of properties nationwide – the upturn was much more dramatic in Dublin than anywhere else.
When the statistics for Dublin were removed, it was seen that prices rose by 8.3% across the country in the 12 months leading up to October 2014.
Dublin
Pricing increases were most notable in the capital. In the past month they have risen by 3%, and are now almost a quarter (24.2%) higher than a year ago.
This increase was highest for apartments, which have seen their prices climb by 26.9% since October 2013.
Boom times
Despite the increases, property still sit well below their early-2007 peak. A buyer getting into the market can still expect to pay 35.7% less for a house or 44.5% less for an apartment.
Across Ireland residential property prices still sit 42.5% less than their highest level in September 2007. Overall, the national index sits 38.2% lower than its peak.
Property prices have been on the increase since 2013. In the four years between 2009 and 2012, prices fell by more than 10% annually.
To embed this post, copy the code below on your site
have your say