Construction BUSINESS

Residential Property Prices Rise by 11.6% in the Year to November

 Breaking News
  • Government Launches €1.25 Billion Land Development Agency to Build 150,000 New Homes The Government has launched the Land Development Agency to build 150,000 new homes over the next 20 years, the next step of Project Ireland 2040. The new Agency has an immediate focus on managing the State’s own lands to develop new homes, and regenerate under-utilised sites. In the longer-term it will assemble strategic landbanks from [...]...
  • €8 Million in Government Funding Awarded by SEAI to Innovative Energy Research Projects The Government has announced €8 million in funding to support 45 innovative energy projects in companies and research institutions across Ireland. The Sustainable Energy Authority of Ireland (SEAI) is responsible for awarding the funding to the 45 projects which aim to develop solutions that will help our homes, businesses and communities deliver a cleaner energy future. [...]...
  • €100 Million Worth of Minor Building Works Tendered For Public Sector New frameworks are being launched to streamline the tendering process for €100 million in contracts for minor building works across the entire public service. The contracts will be tendered by the Local Government Operational Procurement Centre for the provision of Minor Building Works to public service bodies including 31 local authorities, the HSE, the OPW, the [...]...
  • Major Milestone For €233 Million Center Parcs Forest Resort With one year to opening, the €233 million Center Parcs forest resort in County Longford has reached an important milestone as Sisk workers recently welcomed the record sized 53-metre long, 22-tonne, glulam beams that will form the structure of the impressive Subtropical Swimming Paradise. A jewel in the crown of the resort, the Subtropical Swimming [...]...
  • Resilient Performance by Breedon Group Breedon Group, a leading construction materials group in the UK and Ireland, has reported revenue of £378.4 million for the six months to 30 June 2018, up from £326.3 million in the corresponding period of 2017. Underlying earnings before interest and tax (EBIT) increased by 17% to £42.0 million. However, excluding acquisitions, both revenue and [...]...

Residential Property Prices Rise by 11.6% in the Year to November

Residential Property Prices Rise by 11.6% in the Year to November
January 12
09:50 2018

In the year to November, residential property prices at national level increased by 11.6%, according to the CSO’s Residential Property Price Index November 2017 report. This compares with an increase of 11.8% in the year to October and an increase of 9.2% in the twelve months to November 2016.

In Dublin, residential property prices increased by 11.3% in the year to November. Dublin house prices increased 11.5%. Apartments in Dublin increased 11.8% in the same period. The highest house price growth was in Dublin City, at 13.3%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, with house prices rising 10.8%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 11.7% higher in the year to November. House prices in the Rest of Ireland increased 11.6% over the period. The West region showed the greatest price growth, with house prices increasing 16.0%.  The Mid-West region showed the least price growth, with house prices increasing 8.9%. Apartment prices in the Rest of Ireland increased 13.2% in the same period.

Overall Decline

Overall, the national index is 23.1% lower than its highest level in 2007. Dublin residential property prices are 24.1% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 29.2% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 71.6%. Dublin residential property prices have increased 88.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 62.8% higher than the trough, which was in May 2013.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • September 18, 2018For Arch 2018
  • September 27, 2018Marmomacc Verona
  • September 27, 2018Architect@work Paris
  • October 4, 2018Architect@work Nantes
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements