Property prices grow at slowest annual pace in 17 months – CSO
Residential property prices grew by 7.4% in the year to August, the lowest rate since March last year and unchanged from the year to July, new figures from the Central Statistics Office show today.
The CSO said that property prices outside of Dublin were 9.2% higher in August of this year compared to a year earlier, while Dublin residential property prices saw an increase of 5.3%.
Today’s figures show that house prices in Dublin rose by 5.2% while apartment prices increased by 5.6%. The CSO noted that the highest house price growth in Dublin was in Dublin City at 7.2% while Dún Laoghaire-Rathdown saw a rise of 3.3%.
Meanwhile, outside of Dublin, house prices were up by 9.1% and apartment prices rose by 9.6% in August.
The region outside of Dublin that saw the fastest pace of growth was the Midlands (Laois, Longford, Offaly, and Westmeath) at 12%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a rise of 6.8%.
The median price of a home bought in August was €375,000.
The highest median price was €675,000 in Dún Laoghaire-Rathdown, while the lowest median price was €190,000 in Donegal.
The most expensive Eircode area in August was A94 (Blackrock, Dublin) with a median price of €797,500, while F45 (Castlerea, Roscommon) had the least expensive price of €148,000.
Today’s CSO figures show that 4,174 home purchases were filed with the Revenue Commissioners in August at a total value of €1.8 billion – an increase of 4.6% on the same time last year.
These purchases were made up of 3,201 existing homes and 973 new homes, the CSO added.
Article Source – Property prices grow at slowest annual pace in 17 months – CSO
