Property prices increase nearly 8%: CSO

Residential property prices increased nearly 8% in the year to March, with Dublin property on average costing 14.3% more than a year ago.

The figures published yesterday by the CSO also indicated that house prices are stabilising somewhat — nationally property prices fell by 0.7% in the month of March and remained unchanged that month.

The figures in the CSO’s Residential Property Price Index also highlight the contrast between the average cost of property in the capital against the rest of the country.