Residential property costs lower by 0.8% nationally within the 12 months to September

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Residential property costs decreased by 0.8% nationally within the 12 months to September, in accordance with the newest figures from the Central Statistics Workplace (CSO).

This compares to a lower of 0.9% within the 12 months to August and a rise of 1.1% within the twelve months to September 2019.

In Dublin, residential property costs noticed a decline of 1.8% within the 12 months to September, whereas property costs outdoors Dublin had been 0.1% increased.

In Dublin, home costs decreased by 1.6% and house costs decreased by 0.6%. The very best home value development in Dublin was in Fingal at 2.1%, whereas Dublin Metropolis noticed a decline of 4.2%.

Exterior Dublin, home costs had been up by 0.2% and house costs up by 0.4%. The area outdoors of Dublin that noticed the most important rise in home costs was the Midlands at 4.0% – on the different finish of the size, the Mid-West noticed a 5.7% decline.

Total, the nationwide index is 17.6% decrease than its highest degree in 2007. Dublin residential property costs are 22.7% decrease than their February 2007 peak, whereas residential property costs within the Remainder of Eire are 20.1% decrease than their Could 2007 peak.

Property costs nationally have elevated by 83.7% from their trough in early 2013. Dublin residential property costs have risen 91.5% from their February 2012 low, while residential property costs within the Remainder of Eire are 83.9% increased than on the trough, which was in Could 2013.

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