House Price Continue to Rise

The Central Statistics Office of Ireland (CSO) have said that house price across Ireland are up 11% from June 2016 to June 2017. County Fingal on Dublin's Northside saw the lowest increase at 5.4% while the sunny south-east saw the biggest increase if 16%. House price remain 29% lower than their highest levels in 2007, however they are 58% higher than their lowest levels in 2013, with Dublin seeing a 73% increase from 2013.

In the year to June, residential property prices at national level increased by 11.6%. This compares with an increase of 11.1% in the year to May and an increase of 5.5% in the twelve months to June 2016.

In Dublin, residential property prices increased by 11.1% in the year to June. Dublin house prices increased 11.2%. Whereas apartments increased 10.6% in the same period. The highest house price growth was in South Dublin, at 11.8%. In contrast, the lowest growth was in Fingal, with house prices rising 5.4%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 11.8% higher in the year to June. House prices in the Rest of Ireland increased 11.8% over the period. The South-East region showed the greatest price growth, with house prices increasing 16.7%. The Mid-West region showed the least price growth, with house prices increasing 8.4%. Apartment prices in the Rest of Ireland increased 13.4% in the same period.

Overall Decline

Overall, the national index is 29.0% lower than its highest level in 2007. Dublin residential property prices are 29.9% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 34.6% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 58.4%. In the same period, Dublin residential property prices have increased 73.8% whilst residential property prices in the Rest of Ireland are 50.4% higher.