Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

File image of sale signs. Eamonn Farrell/Photocall Ireland
Property Prices

Property prices fell by 3.3% since January 2012

The price of residential properties have increased in Dublin but fallen in the rest of Ireland.

IN THE YEAR to January, property prices across the country fell by 3.3 per cent, according to the latest Central Statistics Office figures.

This compares with an annual rate of decline of 4.5 per cent in December and a decline of 17.4 per cent recorded in the twelve months to January 2012.

Residential property prices fell by 0.6 per cent in the month of January, compared with a decrease of 0.5 per cent recorded in December and a decline of 1.9 per cent recorded in January 2012.

In Dublin, residential property prices increased by 0.5 per cent in January and were 2.1 per cent higher than a year ago.

The price of residential properties in the rest of Ireland (outside of Dublin) fell by 1.6 per cent in January, compared with a decline of 0.7 per cent in January last year.

Overall decline

House prices in Dublin are 54 per cent lower than at their highest level in early 2007, while the fall in the price of residential properties in the rest of Ireland is somewhat lower at 47 per cent.

Overall, the national index is 50 per cent lower than its highest.

Read: What goes up…: Property prices fall 0.5pc in Decembe r >

Your Voice
Readers Comments
35
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.