Construction News

09/06/2017

Residential Property Prices Rise In April

New figures have revealed residential property prices increased by 10.5% in April.

Compared with an increase of 9.6% in the year to March, the latest data from the Central Statistics Office (CSO) reveals the figure for April is an increase of 5.8% compared to the same period last year.

In Dublin, residential property prices increased by 8.2% the year to April, while house prices rose 8.1%. Apartment prices increased 8.6% in the same period. The highest house price growth was in Dublin City, at 11.1%, while the lowest growth was seen in Fingal, with house prices rising just 2.3%.

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Overall, residential property prices in the rest of the country were 13.4% higher in the year to April. However, Dublin residential property prices are 31.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 35.3% lower than their May 2007 peak.

(LM/MH)

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