26/11/2012

Property Prices Drop By 0.6% In October

Residential property prices fell by 0.6% in October, according to the latest figures by the Central Statistics Office (CSO).

This compares with an increase of 0.9% recorded in September and a decline of 2.2% recorded in October of last year.

In Dublin residential property prices fell by 0.2% in October and were 7.1% lower

than a year ago. Dublin house prices declined by 0.2% in the month but were 7.8%

lower compared to a year earlier. Dublin apartment prices were 7.1% lower when

compared with the same month of 2011.

The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell

by 0.9% in October compared with a decline of 2% in October last year. Prices

were 8.9% lower than in October 2011.

(CD)


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