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Residential Property Prices Rise by 8.2% in the Year to September

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Residential Property Prices Rise by 8.2% in the Year to September

Residential Property Prices Rise by 8.2% in the Year to September
November 19
09:23 2018

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 house prices increased by 5.5%, while apartment prices were up by 7.8% in the same period. The highest house price growth was in Dún Laoghaire-Rathdown, at 8.3%. In contrast, the lowest growth was in South Dublin, where house prices increased by 4.2%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 10.8% higher in the year to September. House prices in the Rest of Ireland increased by 10.2% over the period. The Mid-West region showed the greatest price growth, with house prices increasing by 21.0%. The Border region showed the least price growth, with house prices increasing by 5.8%. Apartment prices in the Rest of Ireland increased by 16.7% in the same period.

Overall Decline

Overall, the national index is 18.1% lower than its highest level in 2007. Dublin residential property prices are 20.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 22.7% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 82.8%. Dublin residential property prices have increased by 96.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 77.8% higher than the trough, which was in May 2013.

Residential Property Price Index annual percentage change September 2018

 
010202.557.512.51517.522.5
%

Price Index annual percentage change
National – all residential properties 8.2
National – houses 8
National – apartments 11.6
Dublin – all residential properties 5.8
Dublin – houses 5.5
Dublin – apartments 7.8
Dublin City – houses 6.6
Dun Laoghaire-Rathdown – houses 8.3
Fingal – houses 5.7
South Dublin – houses 4.2
National excluding Dublin – all residential properties 10.8
National excluding Dublin – houses 10.2
National excluding Dublin – apartments 16.7
Border – houses 5.8
Midland – houses 11.8
West – houses 14.2
Mid-East – houses 9.7
Mid-West – houses 21
South-East – houses 10.8
South-West – houses 10

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