Monday 19 February 2018

House prices rise again in March but Dublin is the driver

Both Fine Gael and Fianna Fáil have been warned that persisting with the idea of merging water bills with property tax would drive property owners away from the rental market and deplete the country’s available housing stock even further. Photo: Aidan Crawley/Bloomberg
Both Fine Gael and Fianna Fáil have been warned that persisting with the idea of merging water bills with property tax would drive property owners away from the rental market and deplete the country’s available housing stock even further. Photo: Aidan Crawley/Bloomberg
Photo Brendon O'Hagan/Bloomberg

Charlie Weston, Personal Finance Editor

Property prices rose again in March, new figures show.

They were up 0.3pc last month, and have risen by 7.4pc in the year, according to the Central Statistics Office.

This compares with no change recorded in February and an increase of 0.9pc recorded in March of last year.

In Dublin, residential property prices increased by 0.9pc in March, and were 3.9pc higher than a year ago. 

Dublin house prices increased by 1.2pc in the month and were 4.1pc higher compared with a year earlier. 

Dublin apartment prices were 1.6pc higher when compared with the same month of 2015.

However, there was a fall in prices for properties outside the capital.

They were down 0.2pc in March, according to the CSO.

Prices were 10.5pc higher outside of Dublin than in March 2015, according to the statisticians.

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