Property price disparity is growing

Residential property prices in Dublin are rising at a rate not seen since the heady days of the Celtic Tiger — but prices elsewhere have begun to fall again.

Apartment prices in Dublin rose 11.6% in the year to July while house prices increased by 7.5% over the same period, according to figures released yesterday by the CSO.

The disparity is growing between property values in Dublin and those elsewhere, especially in rural areas where prices have continued to fall since 2008.