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04/07/2011
House Price Fall 'Accelerating'
An influential property website has said on Monday, that the ongoing fall in property prices is "accelerating".
Writing on the site today, lecturer in Finance with Trinity College, Dr Constantin Gurdgiev, said there was a bleak forecast for Irish property markets - both commercial and residential.
Dr Gurdgiev said that Greater Dublin asking prices were now down to just 44% in North County Dublin and 55% in Dublin City Centre compared to their peak.
"The latest data from daft.ie on asking rents and prices clearly shows that there is some room for continued significant losses in residential real estate.
"Across all geographies covered in today's report, asking prices continued to fall and these falls are accelerating once again. Nationwide, asking prices are down 5% in three months through June 2011 - the steepest quarterly decline in 18 months."
The latest Property Barometer has also been issued this morning by another leading property website, MyHome.ie, showing that asking prices had fallen by 4.1% nationally in the first quarter of the year.
The survey also showed that, based on average mix adjusted asking price, the average house price is now €249,000, compared with €260,000 three months ago.
In Dublin, the average price is the €286,000 compared with €302,000 three months earlier.
Ahead of the release of Monday's figures, during the 2011 Housing Practitioner’s Conference in Mullingar at the end of last week, Housing Minister Willie Penrose unveiled "radical" Government plans to transform policy in the housing sector.
Speaking at the conference he said: "Ireland’s housing bubble will never happen again."
During the speech, Mr Penrose committed the Government to new laws that, he said, would transform the sector.
"Based on a number of fundamental principles and goals that will form the foundation of a substantial reform programme, the new framework of housing policy responds to current and emerging conditions in the housing sector, taking account of the dramatic cycle of rapid growth and sudden collapse in the residential property market."
(DW/GK)
Writing on the site today, lecturer in Finance with Trinity College, Dr Constantin Gurdgiev, said there was a bleak forecast for Irish property markets - both commercial and residential.
Dr Gurdgiev said that Greater Dublin asking prices were now down to just 44% in North County Dublin and 55% in Dublin City Centre compared to their peak.
"The latest data from daft.ie on asking rents and prices clearly shows that there is some room for continued significant losses in residential real estate.
"Across all geographies covered in today's report, asking prices continued to fall and these falls are accelerating once again. Nationwide, asking prices are down 5% in three months through June 2011 - the steepest quarterly decline in 18 months."
The latest Property Barometer has also been issued this morning by another leading property website, MyHome.ie, showing that asking prices had fallen by 4.1% nationally in the first quarter of the year.
The survey also showed that, based on average mix adjusted asking price, the average house price is now €249,000, compared with €260,000 three months ago.
In Dublin, the average price is the €286,000 compared with €302,000 three months earlier.
Ahead of the release of Monday's figures, during the 2011 Housing Practitioner’s Conference in Mullingar at the end of last week, Housing Minister Willie Penrose unveiled "radical" Government plans to transform policy in the housing sector.
Speaking at the conference he said: "Ireland’s housing bubble will never happen again."
During the speech, Mr Penrose committed the Government to new laws that, he said, would transform the sector.
"Based on a number of fundamental principles and goals that will form the foundation of a substantial reform programme, the new framework of housing policy responds to current and emerging conditions in the housing sector, taking account of the dramatic cycle of rapid growth and sudden collapse in the residential property market."
(DW/GK)
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01 October 2009
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
12 April 2018
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
08 November 2017
Property Prices Continue To Rise Across Ireland
Property prices have increased to 12.8% in the year to September, according to the latest figures from the Central Statistics Office (CSO). In Dublin, residential property prices increased by 12.2% in the year to September, with house prices increasing to 12.4% and apartments increasing to 11.4% in the same period.
Property Prices Continue To Rise Across Ireland
Property prices have increased to 12.8% in the year to September, according to the latest figures from the Central Statistics Office (CSO). In Dublin, residential property prices increased by 12.2% in the year to September, with house prices increasing to 12.4% and apartments increasing to 11.4% in the same period.
19 April 2017
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
30 September 2015
Property Prices Increase Nationwide In August
Residential property price rose by 2.3% across Ireland in August, according to the Central Statistics Office (CSO). New figures from the Residential Property Price Index shows that this is a 0.9% increase from July and a 0.1% rise from June. In Dublin, prices rose by 2.8%, an 8.2% increase than the same period last year.
Property Prices Increase Nationwide In August
Residential property price rose by 2.3% across Ireland in August, according to the Central Statistics Office (CSO). New figures from the Residential Property Price Index shows that this is a 0.9% increase from July and a 0.1% rise from June. In Dublin, prices rose by 2.8%, an 8.2% increase than the same period last year.
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Ireland WeatherToday:A mostly cloudy day with outbreaks of rain, most persistent and occasionally heavy across southern and western counties this afternoon. Risk of low cloud and fog patches affecting the Down coast. Light winds. Maximum temperature 15 °C.Tonight:Continuing cloudy through the evening with further outbreaks of rain, the rain turning lighter and patchier from the south overnight. Winds remain light. Minimum temperature 8 °C.
