Dublin property prices rise in September
on 29/10/2013 11:31:44
Dublin house prices grew by 4.2% in the month and were 12.2% higher compared to September 2012, with apartment prices in the city up 11% when compared with the same month of 2012, according to the Central Statistics Office.
"However, it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series," the CSO warned.
The price of residential properties in the Rest of Ireland fell by 0.1% in September compared with an decrease of 0.1% in September last year.
Prices were 2.6% lower than in September 2012.
Overall, average residential property prices in Ireland increased by 1.8% in the month of September.
This compares with an increase of 0.9% recorded in August. Prices grew by 0.9% in September of last year.
In the year to September, residential property prices at a national level increased by 3.6%, compared to an increase of 2.8% in August and a decrease of 9.6% recorded in the 12 months to September 2012.
House prices in Dublin are now 49% lower than at their highest level in early 2007, with apartments in Dublin 59% lower.
Residential property prices in Dublin are 51% lower than at their highest level in February 2007.
The fall in the price of residential properties in the Rest of Ireland since 2007 is lower at 48%.
Overall, the national index is 48% lower than its highest level in 2007.