Business Irish

Monday 24 October 2016

Property prices record strong rise - CSO

Published 30/09/2015 | 11:21

PROPERTY prices recorded a strong rise last month.

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Prices nationwide were up 2.3pc in August, the latest figures from the Central Statistics Office show.

This took the annual rise to 9.5pc, the latest property price index shows.

In Dublin prices were up 2.8pc in the month, and are now 8.2pc higher than last year.

House prices were up even more in the capital. They rose 3pc in August, even though that month is traditionally a quite one in the housing market.

Outside Dublin there was a 1.9pc in prices in August. Prices in rural areas are now showing stronger increases than in the capital, with a 10.8pc rise in the past year, the CSO figures show.

Nationally prices are still 35pc lower than they were at the peak of the market in 2007.

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