Friday, November 22, 2024

Ireland Residential property prices rise by 13.0%

Ireland housing prices are picking up after hitting lowest bottom in 2013.

In the year to April, residential property prices at national level increased by 13.0%. 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%.

ireland residential property prices

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.

 

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.

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.

 

Dublin

Dublin 2017
Volume of Sales (Number) 20,543
Value of Sales (Euro Million) 7,709.1
Mean Sale Price (Euro) 375,268
Median Price (Euro) 309,999

 

Source: Ireland Statistics Office

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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