Property prices up but Dublin falls again

House price trends have continued to fly in the face of logic as values across the country rose while those in Dublin fell throughout July.

The capital had been expected to lead the recovery, having been the first region to record a pick-up early this year, and where auctioneers reported the greatest level of pent-up demand.

However, in July, prices fell by 0.2%, representing the second monthly drop of the summer. Across the country as a whole, the value of property trades rose by 0.2%, helped by a 0.3% rise for all counties outside Dublin. The results mean Dublin house prices have fallen 57% since the peak of the boom, compared with 47% everywhere else.