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. The highest house price growth was in Dublin City, at 9.2%. In contrast, the lowest growth was in Fingal, with house prices rising just 3.7%.

Residential property prices in the rest of Ireland were 13.2% higher in the year to February.

The West region showed the greatest price growth, with house prices increasing 19.8%. In contrast, the Mid-East region showed the least price growth, with house prices increasing 9.3%. Apartment prices in the Rest of Ireland increased 13.9% in the same period.

Overall, the national index is 30.7% lower than its highest level in 2007. Dublin residential property prices are 31.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 35.7% lower than their May 2007 peak.


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