Property prices continue to rise in April

Property prices rose by 0.6% nationwide in the month of April, according to the latest figures from the Central Statistics Office (CSO).

That leaves residential property prices up 15.8% on an annual basis.

In Dublin residential property prices rose by 1% in April and were 20.2% higher than in April last year.

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.

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.

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