Dublin house prices rise as prices elsewhere fall

There was further proof of a two-tier housing market yesterday with confirmation that prices in Dublin rose by 15.7% over the last year while prices in rest of the country fell by 0.4% over the same period.

According to the Central Statistics Office’s residential property price index (CSO), prices on a nationwide basis grew by 0.3% in the month to December.

That was ninth successive monthly national gain and meant the annual increase over the year to December was 6.4%.