#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 18°C Monday 4 July 2022

Irish house prices rise again following slight decline during Covid-19 lockdown

The figures were revealed by the Central Statistics Office today.

Image: Sam Boal/RollingNews.ie

RESIDENTIAL PROPERTY PRICES have fallen year-on-year for the second month in a row, according to figures from the Central Statistics Office (CSO).

New data from the statistics agency shows that the price of a home fell by 0.6% in the year to August, following a year-on-year decrease of 0.6% in July.

However, figures also showed that property prices increased month-on-month by 0.3% in August, following a 0.2% monthly increase in July and o.1% in June.

That followed average monthly decreases of 0.1% in both March and April as economic activity fell as a result of the Covid-19 pandemic.

The CSO figures show that across the country, house prices were up by 0.4% in the year to August while apartment prices were down by 0.7% year-on-year.

In Dublin, property prices saw a decline of 1.6% in the year to August, with house prices decreasing by 1.4% and apartment prices increasing by 0.1%.

The highest house price growth in Dublin was in Fingal, where prices rose by 1.7% year-on year. In contrast, Dublin city saw prices decline by 3.4% year-on-year.

The region outside of Dublin that saw the largest rise in house prices was the south-west at 5.2% year-on-year, while the Border saw the biggest decline with a 2.7% fall in the year to August.

#Open journalism No news is bad news Support The Journal

Your contributions will help us continue to deliver the stories that are important to you

Support us now

Overall, house prices remain 17.6% lower than at their peak in 2007.

In Dublin, house prices are 22.6% below their February 2007 peak, while in the rest of Ireland, house prices are 20.1% below their May 2007 peak.

Read next:


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