Residential property costs fall by 0.5% nationally

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Residential property costs decreased by 0.5% nationally within the yr to July, in response to the newest figures from the Central Statistics Workplace.

Against this was no change within the yr to June and a rise of two.2% within the twelve months to July 2019.

In Dublin, residential property costs noticed a decline of 1.3% within the yr to July – home costs decreased by 1.2% and flats elevated by 0.4%. The very best home worth development in Dublin was in Dun Laoghaire-Rathdown at 1.3%, whereas Dublin Metropolis noticed a decline of two.7%.

Residential property costs in Eire excluding Dublin had been 0.2% greater within the yr to July, with home and condo costs up by 0.3%. The area exterior of Dublin that noticed the most important rise in home costs was the South-West at 4.3% – on the different finish of the size, the South-East noticed a 1.6% decline.

Total, the nationwide index is 17.7% decrease than its highest stage 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 20.2% decrease than their Could 2007 peak.

Property costs nationally have elevated by 83.5% from their trough in early 2013. Dublin residential property costs have risen 91.4% from their February 2012 low, while residential property costs within the Remainder of Eire are 83.6% greater than on the trough, which was in Could 2013.

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