Property price increases intensify outside of Dublin

One region has seen its prices surge...

Property price increases intensify outside of Dublin

Rolling News

Fresh figures from the Central Statistics Office (CSO) confirm that property prices are still on the rise across Ireland.

In the year to December residential property prices increased by 8.1% nationally.

Outside of Dublin homes were 12% more expensive - this compared to a 5.7% increase in Dublin, where the market's recovery is more mature.

Increases in specific parts of the city ranged between 9.7% in south Dublin and 3.2% in Fingal.

The capital's house prices increased by 5.8% - while apartment prices went up by 7.9% during the same period.

Outside of Dublin prices inflated by 17.8% in the West region - while the mid-east reported the lowest growth, at 7.6%.

Overall, the national index is 32.1% lower than its highest level in 2007.

Dublin residential property prices are 32.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 36.3% lower than May 2007.

From the low in early 2013, prices nationally have increased by 49.1%. In the same period, Dublin residential property prices have increased by 64.3%.

New figures from the Central Bank showed on Wednesday that the median value for a deposit for first time buyers in the capital has risen to an intimidating €50,000.

That's up from close to €30,000 just four years ago. Outside of Dublin that figure halves, falling to €25,000 - which is well below peak levels.