Property prices rise by just under 1% in July

Property prices rise by just under 1% in July

Property prices rose by just under 1% (0.9%) around the country last month.

The Central Statistics Office said that on an annual basis, residential property prices were up 9.4% on July of last year.

Dublin prices jumped 0.7% in July, and increased 9% on the same month last year.

When the capital is excluded, prices nationwide rose 1.2% in the month, and 9.6% in the 12-month period.

The figures are contained in CSO's Residential Property Price Index for July, released this morning.

Apartment prices in Dublin increased by 2.7% - however, the CSO said that figures is based off a low number of transactions, and should not be considered as accurate as other statistics.

Nationally, property prices are still 36.9% lower than their peak in 2007, and Dublin prices are still 36.3% lower.

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