Monday 18 December 2017

House prices up 0.2pc in May but Dublin climbs for third month in row

Independent.ie reporters

HOUSE prices increased by 0.2pc in May with Dublin up for a third month in a row although year-on-year there was a drop.

According to the latest figures from the Central Statistics Office, the 0.2pc increase in May compares with a drop of 1.1pc in April and 1.2pc in May of last year.

National prices fell by 15.3pc in the year ended May.

And in Dublin, prices were 17.5pc lower than a year ago.

The price of properties excluding Dublin rose by 0.1pc in May compared with a decline of 2.1pc in May last year.

Dublin house prices are 55pc lower than at their highest level in 2007.

Dublin apartment prices are 61pc lower than in February of the same year.

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