House prices continue to rise with an increase of 12.4% in twelve months

Residential property prices continue to soar according to the latest figures which show national prices increased by 12.4% over the last 12 months.

The latest data from the Central Statistics Office (CSO) revealed that house prices nationally have increased by 12.1% while apartment prices have gone up by 14.9% on a national level.

The 12.4% increase on residential property prices in the year to May compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.

The most significant increase is seen in the mid-west region where house prices have surged by 22.1%.

The least price growth was in the Border region at just 3.7% for houses.

In Dublin, for the 12 month period ending May 2018, residential property prices have increased by 10.7%.

Houses increased by 10.3% while apartments in the capital increased by 13.5% in the same period.

The greatest increase was in Dublin city (14.6%) and the lowest growth was in south Dublin (6.6%).

Excluding Dublin, residential property prices in the rest of the country were 14.1% higher in the year to May.

The national index is 20.4% lower than its highest level in 2007.

From the trough in early 2013, residential property prices have increased nationally by 77.7%.

You can read the full report here.

Digital Desk


Related Articles

Varadkar allays fears of ‘land bubble’ amid home price rise

Warning about rate of rising house prices as figures show 13% increase

House price bubble warning

House prices could crash, warns Central Bank head

More in this Section

Gardaí seize €70k of drugs and cash in Dublin raid

Pope's visit an opportunity for all to reflect on key questions facing Irish society: Bishop

'He was my dad and I love him very much,' son accused of murdering father told Gardaí

Judge grants bail for second 13-year-old boy charged with Ana Kriegel murder


More From The Irish Examiner