Business Property & Mortgages

Thursday 2 October 2014

Property prices soar 12.5pc in June

Published 24/07/2014 | 11:09

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'For sale' signs in Dublin

PROPERTY prices shot up again last month, with the capital seeing the largest rises.

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They were up by 12.5pc in June across the country when compared with the same month a year earlier, figures out this morning from the Central Statistics Office show.

In Dublin, prices jumped by 24.4pc over the past year.

Apartment prices rose by 18pc the new figures show.

It was the 13th month in a row that prices rose nationally on an annual basis.

Prices are now 43pc off their peak value nationally which was in early 2007, the CSO said.

Meanwhile, separate figures out from estate agency DNG show prices increasing by €220 a day in Dublin.

The agency said prices have jumped by an average of €20,000 since the end of March.

The largest price appreciation has been under property selling for less than €250,000, which are up 11pc in the April to June period.

The CSO confirmed that the monthly increase in June of 2.9pc in prices nationally was the highest monthly increase since the index began in 2005.

Even during the house price boom in 2006 and 2007 there were lower monthly rises.

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