House prices up 50% since market bottomed out

House prices have increased by more than half since they bottomed out in early 2013, according to new figures from the Central Statistics Office (CSO).

The CSO’s Residential Property Price Index for March 2017 show that prices rose nationally by 9.6% in the 12 months up to last March, and by 50.4% since their lowest point in 2013.

Despite this, prices remain significantly lower than at their peak — down 31.5% since the highest level reached in 2007. Dublin residential property prices are 31.5% lower than their February 2007 peak, while prices in the rest of the country are 36.4% lower than when they were at their highest in May 2007.