Industry & Business

Property prices rise for the first time in 5 months

Property prices rise for the first time in 5 months

April 26
14:17 2016

imagesNew figures from the Central Statistics Office show property prices rose slightly in March for Dublin showing signs of growth in the sector for the first time in five months.

Property prices were up 0.3%  last month, and have risen by 7.4% in the year.

Following four consecutive months of decline, Dublin prices rose 0.9% in the month – putting them 3.9% higher year-on-year.

There was growth in the price of both houses and apartments in Dublin during March, up 1.2% and 1.6% respectively.

However, there was a fall in prices of 0.2% in March for properties outside the capital. This is the first time since January 2015 that prices have fallen outside the capital.

Overall national prices are now 33.6% lower than they were at the peak in 2007, with Dublin prices down 36.3% and prices in the rest of Ireland down 35.4%.


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