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Sunday 4 December 2016

Property prices have picked in the last year - surging by 15pc in the Midlands

Charlie Weston Personal Finance Editor

Published 17/11/2016 | 11:21

(Stock photo)
(Stock photo)

Property price rises have picked up, with the strongest rises outside Dublin.

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Prices surged by 15pc in the past year in the midlands.

New figures show property prices across the State rose by 7.3pc in September compared with the same month a year ago.

In the month the rise was 1.3pc month on month, according to the Central Statistics Office.

This compares with an increase of 6.8pc in the year to August and an increase of 4.2pc in the 12 months to September last year.

In Dublin, residential property prices increased by 5.4pc in the year to September.

The highest house price growth was in Dublin City, at 6.7pc.

In contrast, the lowest growth was in Dún Laoghaire-Rathdown, with house prices rising just 3.5pc.

Residential property prices the rest of the country  were 11pc higher in the year to September. The midland region showed the greatest price growth, with house prices increasing 15pc in the year to September. 

In the mid-east region showed the least price growth, with house prices increasing 5.3pc. Overall, the national index is 33.pc lower than its highest level in 2007.

Dublin residential property prices are 33.5pc lower than their February 2007 peak.

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