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Friday 17 November 2017

Dublin house prices still rising

The society said only 8,000 new homes were built in Ireland last year
The society said only 8,000 new homes were built in Ireland last year

Property prices in Dublin continue to rise while the rest of the country shows no change, official figures have revealed.

The market in the capital was up 1.3% in November and over the last year has increased by 13.8%, the property price register has shown.

Outside Dublin, however, the market was stagnant last month, and is down 0.6% over the last 12 months.

The Central Statistics Office (CSO) revealed that demand for houses in some parts of Dublin pushed prices up 1.4% in November and by 13.1% compared with the same time a year earlier.

The demand for apartments also continued with prices up 20.7% on the same month last year - although the figures could be skewed as the number being bought and sold is relatively low.

The CSO said house prices in Dublin are 47.5% lower than the peak in early 2007.

Press Association

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