Residential property prices rose by 8% over past year

Prices continue to rise at a higher rate outside of Dublin (up 8.6%) than in the capital (up 7.5%).

Property prices rose by over 8% in the 12 months to January, new figures show, after the Central Bank’s latest forecasts show it estimates the Government will miss its housing targets over the next three years.

The Central Statistics Office’s latest property price index shows that the median price of a home sold in Ireland was €359,999 in the last year with prices now significantly higher than their Celtic Tiger peak.