Business Irish

Sunday 18 March 2018

House price rise slows, up 2pc in July

Average house prices throughout the country rose at a slower rate during July, latest figures show.

The cost of buying a home increased 2pc during the month, down from the 2.9pc rise during June, a Central Statistics Office report reveals.

And while prices in Dublin continue to climb - up 2.7pc during July - they are increasing at a slower rate than each of the previous three months.

Property prices in the capital are now on average 23.2pc higher than they were at the same time last year.

Nationally, the price of a home is up 13.4pc compared to 12 months ago.

However, the countrywide figure is skewed by Dublin, where a shortage of housing has been blamed for ramping up prices and the national average.

When the capital city is taken out of the equation, house prices in the rest of the country rose just 1.3pc during July and are only 4.9pc higher than the same month last year.


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