Sunday 22 October 2017

Dublin house prices surge by nearly 12pc in one year

Stock photo
Stock photo
Charlie Weston

Charlie Weston

Property prices continue to surge

Home and apartment prices rose by 12.2pc in the year to August.

Dublin prices were up 11.9pc over the same period. In the rest of the country price rises were even stronger, at 12.6pc.

The west region showed the greatest price growth, with house prices increasing 15.4pc.

The mid-west region showed the least price growth, with house prices increasing 9.6pc.

Overall, the national index is 25pc lower than its highest level in 2007.

Dublin residential property prices are 25.9pc lower than their February 2007 peak, while residential property prices in the rest of Ireland are 30.8pc lower than their May 2007 peak.

In the 12 months to August, the median price paid by households for a dwelling on the residential property market was €215,000.

Dublin was the region with the highest median price at €337,000 in the year to August.

Dún Laoghaire-Rathdown had the highest median price at €510,000.

Outside Dublin, the highest median prices were in Wicklow at €294,000 and Kildare at €265,000.

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