Construction BUSINESS

Residential Property Prices Rise by 12.4% in the Year to May

 Breaking News
  • €100 Million Investment For Four Capital Developments at Trinity College Dublin Teaching, research and student accommodation at Trinity College Dublin will be transformed over the next two years with the backing of a €100 million long-term European Investment Bank (EIB) loan for four capital developments across the campus. This will include the flagship E3-Engineering, Environment and Emerging Technologies initiative at Trinity. Central to the vision of E3 [...]...
  • British Construction Market Growth Prompts Investment by Garage Doors Garage Doors in Ballymena is recruiting 17 additional staff to help deliver growing sales across Great Britain. The family business is a leading manufacturer of bespoke garage doors and is expecting its sales to grow by 50 per cent over the next three years due to a buoyant UK construction sector. Speaking about the investment, Peter [...]...
  • Fingal County Council Prepares to Roll Out €588 Million Capital Programme Over Next Three Years Fingal County Council has approved the drawdown of an €8 million loan from the European Investment Bank (EIB) as it prepares to roll out its ambitious €588 million Capital Programme over the next three years. Last December. Fingal County Council signed an historic agreement with the EIB to secure a €70 million loan facility to support [...]...
  • Kingspan Joins Science Based Targets Initiative to Reduce Greenhouse Gas Emissions Kingspan Group, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has joined over 370 companies worldwide in committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative is a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon [...]...
  • Majority of Irish People Planning Home Improvement Projects Two-thirds (67%) of Irish adults are planning on renovating or redecorating their homes within the next 12 months, according to a survey carried out behalf of Hardware Association Ireland, supporting the association’s call for the Government to expend the Home Renovation Incentive Scheme. Of those planning work, almost one-third (31%) expect to spend more than €5,000 [...]...

Residential Property Prices Rise by 12.4% in the Year to May

Residential Property Prices Rise by 12.4% in the Year to May
August 01
10:21 2018

In the year to May, residential property prices at national level increased by 12.4%, according to the CSO. This compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.

In Dublin, residential property prices increased by 10.7% in the year to May. Dublin house prices increased 10.3%. Apartments in Dublin increased 13.5% in the same period. The highest house price growth was in Dublin City, at 14.6%. In contrast, the lowest growth was in South Dublin, where house prices increased 6.6%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 14.1% higher in the year to May. House prices in the Rest of Ireland increased 13.7% over the period. The Mid-West region showed the greatest price growth, with house prices increasing 22.1%. The Border region showed the least price growth, with house prices increasing 3.7%. Apartment prices in the Rest of Ireland increased 15.5% in the same period.

Overall Decline

Overall, the national index is 20.4% lower than its highest level in 2007. Dublin residential property prices are 22.5% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 25.5% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 77.7%. Dublin residential property prices have increased 91.9% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 71.4% 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

  • October 17, 2018SAIE - International Building
  • October 18, 2018Interieur 2018
  • October 24, 2018Artibat
  • October 24, 2018London Build 2018
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements