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Dublin apartment prices stalled last month, as house prices rose slightly

House prices rose slightly last month by 0.6%, and are up 15.8% in the last year. The Central Sta...
Newstalk
Newstalk

11.59 27 May 2015


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Dublin apartment prices stalle...

Dublin apartment prices stalled last month, as house prices rose slightly

Newstalk
Newstalk

11.59 27 May 2015


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House prices rose slightly last month by 0.6%, and are up 15.8% in the last year.

The Central Statistics Office (CSO) says the biggest rise was in Dublin, where house prices rose 1% in April and 20.2% in the year.

Meanwhile apartment prices in the capital remained unchanged last month.

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However, the CSO adds that sub-indices for apartments are based on low volumes of transactions, and therefore have greater volatility.

Outside of Dublin, prices rose by 0.3% in April and by 11.4% in the year.

At a national level, residential property prices were 37.8% lower than their peak level in 2007.

Dublin house prices were 36.3% lower than their peak, Dublin apartment prices were 42.2% lower than their peak and Dublin residential property prices overall were 38.1% lower than their highest level.

Outside of the capital, residential property prices were 41.4% lower than their highest level in 2007.


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