Saturday 3 December 2016

Shortage of homes sees house prices rise again - CSO

Charlie Weston Personal Finance Editor

Published 25/05/2016 | 11:15

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PROPERTY prices nationwide rose again last month as a shortage of homes to buy continues to push up values.

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Dublin led the charge upwards, but there was a fall in prices outside the capital city.

Prices across the State were up 0.3pc in the month of April, and have now risen by 7.1pc in the previous 12 months.

The Central Statistics Office said that Dublin prices were up 1.6pc in April. When compared with a year ago, prices were 4.6pc higher. 

However, there was a fall outside Dublin. Residential property prices in the rest of Ireland fell by 0.6pc in April.

But over the past year prices were 9.5pc higher.

Across the country prices are down by a third since the market crashed in 2007, the CSO said.

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