Property prices up 2.3% in August

Residential property prices rose by 2.3% nationwide during the month of August, according to the latest figures from the Central Statistics Office (CSO).

Residential property prices also remained up 9.5% on an annual basis, according to the report.

In Dublin residential property prices rose by 2.8% in August. Dublin residential property prices were 8.2% higher than in August 2014.

Dublin house prices rose by 3.0% in August whilst Dublin apartment prices increased by 0.3%.  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 1.9% in August. Prices were up 10.8% compared with August 2014.

At national level residential property prices were 35.4% lower than their peak level in 2007.  Dublin house prices were 34.4% lower than their peak, Dublin apartment prices were 40.4% lower than their peak and Dublin residential property prices overall were  36.2% lower than their highest level.  Outside of Dublin residential property prices were 38.7% lower than their highest level in 2007.

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