Saturday 19 April 2014

Easing in property price rises last month - CSO

PROPERTY price rises eased off last month, new figures show.

Residential property prices grew by 6.3pc in the year to January.

This was down from the growth rate of 6.4pc in December, figures out today from the Central Statistics Office (CSO) show.

In all regions of the country, property prices fell just less than 1pc during the month of January.

This was the first monthly fall since March.

The fall compared with an slight increase in December.

In Dublin, residential property prices fell by 1.3by in January.

Dublin house prices fell by 1.5pc in the month but remain 13pc higher compared to the same time a year ago.

Dublin apartment prices eased back last month but are still almost 17pc higher when compared to the same month in 2013.

The price of residential properties in the rest of the country were unchanged in January compared with a drop of 1.6pc the same time last year.

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