Business Irish

Thursday 26 April 2018

House prices continue to shoot up with strong rises outside the capital

(Stock photo)
(Stock photo)
Charlie Weston

Charlie Weston

PROPERTY prices have continued to shoot up.

They rose by 9.6pc in the year to March, the Central Statistics Office said.

And it has revised downwards figures it previously gave for January and February after getting additional stamp duty returns for those months.

Dublin pries were up 8.2pc in the year to March.

There was a stronger rise in prices outside the capital, at close to 12pc.

The South-East region showed the greatest price growth, with house prices increasing by 15.5pc.

The Mid-East region showed the least price growth, with house prices increasing 9.2pc.

Last month the CSO said prices were up 11.7pc in February. It now says they rose by 9.4pc in February, after more stamp returns were made, and the property price figures were revised.

In the 12 months to March, the average market price paid across the State for a home was €246,948.

The average price paid by households was higher in Dublin than in any other region or county, at €400,500.

Of the four administrative areas of Dublin, Dún Laoghaire-Rathdown was the most expensive, with an average price of €561,203.

South Dublin was the least expensive, with an average price of €314,932.After Dublin, the next most expensive region was the Mid-East, where the average price paid by households was €246,556.

Within the Mid-East, Co Wicklow was most expensive, with an average price of €316,269, making it the second most expensive county after Co Dublin.

The least expensive region for household purchases over the last 12 months was the Border region, with an average price of €116,226.

However, the least expensive county was Longford in the Midland region, with an average price of €87,989.

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