House prices fell 0.4% in November

The Irish Permanent’s latest house price index has revealed that house prices fell by 0.4% in November, their third consecutive monthly decrease.

The survey, conducted in association with the Government’s Economic and Social Research Institute, showed that house prices have risen by 5.3% since the start of the year, compared to an 18.8% increase during the same period last year.

It also revealed that November was the 11th consecutive month in which house prices have slowed, falling from 10.1% in the 12 months up to October to 7.5% in the 12 months up to November.

The Irish Permanent index showed that house prices in Dublin fell 0.9% in November, while house prices outside the capital fell by 0.3%.

This compares to increases of 1% and 2.3% respectively in November 2000. So far this year, house prices in Dublin have risen by 5.9% and house prices outside Dublin have risen by 5.7%.

In the same period last year, prices rose by 20.3% for houses in Dublin and by 18.9% for houses outside the capital.