Residential property prices see increase in growth.

Residential property prices in Ireland have gone up 13% in the year to April, according to the Central Statistics Office.

This compares with an increase of 12.6% in the year to March and an increase of 9.5% in the 12 months to April 2017.

In Dublin, property prices grew by 12.5% in the year to April, with house prices increasing by 11.7% and apartment prices going up 15.9% in the capital.

Dublin City saw the biggest rise at 14.9%, while the lowest rise was in South Dublin, where house prices increased 6.9%.

Outside of Dublin, property prices were 13.6% higher in the year to April, with house prices increasing by 12.9%.

The Mid-West showed the greatest price growth, with house prices rising by 18.7%, while the Border region had the least price growth of 9.3%. Apartment prices went up by 17.8%.

Despite all the increases, residential property prices nationally are 21.1% lower than the peak in February 2007.

Dublin residential property prices are 23.3% lower than their February 2007 peak, while residential property prices in the rest of the country are 26.1% lower than their May 2007 peak.


More in this Section

OECD predicts unsustainable rise in use of raw materials

People encouraged to start search for Christmas jobs early

Dr Martens stamps authority with rising profit

Jobpath finds jobs for 20,000 long-term unemployed


Breaking Stories

Here's how to taste Honey properly

National Curry Week: 7 unusual ingredients to spice up your dish

5 ways to beat FOMOMG – the fear of missing out on your life goals

Everything you need to know about presenter Maya Jama’s eclectic and 90s-inspired style

More From The Irish Examiner