Residential Property Prices Rise By 0.6% in April 2015

In the month of April residential property prices rose by 0.6% nationwide. Residential property prices remained up 15.8% on an annual basis.

In Dublin residential property prices rose by 1.0% in April. Dublin residential property prices were 20.2% higher than in April 2014.

Dublin house prices rose by 1.0% in April whilst Dublin apartment prices remained the same. However, it should be noted that the sub-indices for apartments are based on low volumes of observed transactions and consequently suffer from greater volatility than other series.

Outside of Dublin residential property prices rose by 0.3% in April. Prices were up 11.4% compared with April 2014.

Overall Decline

At national level residential property prices were 37.8% lower than their peak level in 2007. Dublin house prices were 36.3% lower than their peak, Dublin apartment prices were 42.2% lower than their peak and Dublin residential property prices overall were 38.1% lower than their highest level. Outside of Dublin residential property prices were 41.4% lower than their highest level in 2007.

Source : CSO.ie