Construction BUSINESS

Residential Property Prices Rise by 13.0% in Year to April

 Breaking News
  • Strong Performance From BAM Ireland BAM Ireland, one of the country’s largest construction businesses, had a year of strong revenue growth in 2017 with a turnover of €465 million – an increase of 29% on 2016 – and profit before tax of €15.9 million. BAM’s performance was aided by strong activity in Ireland’s improving construction sector and ongoing international activities [...]...
  • Stark and Growing Gap Between Mortgage and Rent Responding to the latest CSO house price figures indicating a continuing slowing in the rate of house price increases, 5.8pc in Dublin in the year to September and 10.8pc in the Rest of Ireland, Brokers Ireland pointed to a growing gap between repaying a mortgage on a home and paying rent on a similar home. Rachel [...]...
  • Residential Property Prices Rise by 8.2% in the Year to September In the year to September, residential property prices at national level increased by 8.2%, according to the CSO. This compares with an increase of 8.9% in the year to August and an increase of 12.0% in the twelve months to September 2017. In Dublin, residential property prices increased by 5.8% in the year to September. Dublin [...]...
  • Grafton Merchanting Joins the Irish Green Building Council Grafton Merchanting, Ireland’s leading building merchanting company has announced that it has joined the Irish Green Building Council (IGBC). The move forms part of Grafton Merchanting’s ongoing commitment to sustainability at a national and local level. Grafton Merchanting is the first reseller to join the IGBC which was set up in 2011 to create a [...]...
  • 70% Believe Irish Government Not Doing a Sufficient Job in Easing the Housing Crisis The findings of a nationally representative survey recently conducted by iReach highlight the pessimism of Irish people about the current state of housing and homelessness. The results also demonstrate a lack of faith from the public in the Government’s approach to the issue. 66% of people were not confident that Minister for Housing Eoghan Murphy’s most [...]...

Residential Property Prices Rise by 13.0% in Year to April

Residential Property Prices Rise by 13.0% in Year to April
June 19
10:26 2018

In the year to April, residential property prices at national level increased by 13.0%, according to the latest CSO figures. This compares with an increase of 12.6% in the year to March and an increase of 9.5% in the twelve months to April 2017.

In Dublin, residential property prices increased by 12.5% in the year to April. Dublin house prices increased 11.7%. Apartments in Dublin increased 15.9% in the same period. The highest house price growth was in Dublin City, at 14.9%. In contrast, the lowest growth was in South Dublin, where house prices increased 6.9%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.6% higher in the year to April. House prices in the Rest of Ireland increased 12.9% over the period. The Mid-West region showed the greatest price growth, with house prices increasing 18.7%. The Border region showed the least price growth, with house prices increasing 9.3%. Apartment prices in the Rest of Ireland increased 17.8% in the same period.

Overall Decline

Overall, the national index is 21.1% lower than its highest level in 2007. Dublin residential property prices are 23.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 26.1% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 76.0%. Dublin residential property prices have increased 90.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 69.9% 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

  • December 5, 2018Architect@work Stuttgart
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements