National house prices fell 16.3% in past year

Nationwide residential property prices fell by a further 16.3% in the past year, a bigger decline than the 11.9% drop the previous year.

In Dublin, home sale prices fell by 18.3% for the past 12 months to March, according to the latest figures released by the Central Statistics Office.

While the figures for March show that residential property prices in the capital rose marginally by 0.7% as those in the rest of the country fell by 0.6%, the CSO yesterday warned against anticipating any hopeful signs of recovery in the property market.