Property prices remain above Celtic Tiger peak despite slowdown

House prices in Dublin city have actually fallen by 1.2% in the last year, according to the CSO. File picture Colin Keegan, Collins Dublin

The rise in property prices nationwide continues to slow down, but the median cost of a home remains higher than its Celtic Tiger peak.

The Central Statistics Office’s Property Price Index for March, the last month the eviction ban was in place, found that prices increased by 3.9% in the 12 months to March 2023. The rise in house prices is now markedly slower than this time a year ago. In the year to March 2022, house prices had risen 15.1%.