Residential property prices up 7.2%

Residential property prices increased by 7.2% on average across the country in the year to August.

Residential property prices increased by 7.2% on average across the country in the last 12 months.

New figures from the Central Statistics Office show house prices in Dublin jumped by 4.8%, whereas the price of apartments increased by 6.4% in the same period.

The highest growth was recorded in Dublin City and Fingal, with house prices rising by 5.9%, while the lowest growth was in Dun Laoghaire-Rathdown.

Outside of Dublin, residential property prices increased by 11.4% in the year to August.

The South-West region showed the greatest price growth, with house prices rising by 14.8%.