27/07/2015

Residential Property Prices Rise Nationally

Residential property prices increased nationally by 10.7% in the year to June, according to the Central Statistics Office (CSO).

This compares to an increase of 13.8% in May and an increase of 12.5% in the twelve months to June 2014.

Residential property prices rose nationally by 0.1% in the month of June. This compares with an increase of 0.5% recorded in May and an increase of 2.9% recorded in June of last year.

In Dublin residential property prices fell by 0.4% in June. Despite the fall, Dublin residential property prices were still 11.1% higher than in June 2014. Dublin house prices fell by 0.3% in June whilst Dublin apartment prices fell by 0.4%. However, it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series.

(CD)

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