CSO: Residential property prices rose by 7.1% in the year to October

The cost of buying in Dublin has increased by 64.7% since early 2013...

CSO: Residential property prices rose by 7.1% in the year to October

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New figures from the CSO show that house prices continued to rise in October - increasing by 7.1% since the start of this year.

That's down marginally on a 7.6% increase in the year to the end of September.

In Dublin prices are 5.5% than they were at the start of the year. Houses are 6.1% more expensive while the costs of apartments are up by 4.1%.

Residential property prices in the rest of Ireland - excluding the capital - were 10.2% higher in the year to October.

The Midland region showed the greatest price growth, with house prices increasing by a lofty 16.6%.

Meanwhile, the Mid-East region showed the least price growth, with house prices increasing by 6.1%.

Apartment prices outside of Dublin increased by 9.3% in the same period.

Overall, the national index is 32.4% lower than its highest level in 2007. Dublin residential property prices are 32.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 37.1% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 48.4% - and Dublin residential property prices have increased by 64.7%.