Residential property costs decreased by 0.6% nationally within the 12 months to August, in response to the newest figures from the Central Statistics Workplace (CSO).
This compares to a lower of 0.6% within the 12 months to July and a rise of 1.9% within the twelve months to August 2019.
In Dublin, residential property costs noticed a decline of 1.6% within the 12 months to August – home costs decreased by 1.4% and flats elevated by 0.1%. The very best home value development in Dublin was in Fingal at 1.7%, whereas Dublin Metropolis noticed a decline of three.4%.
Residential property costs in Eire excluding Dublin had been 0.3% greater within the 12 months to August, with home costs up by 0.4% and flats down by 0.7%. The area exterior of Dublin that noticed the biggest rise in home costs was the South-West at 5.2% – on the different finish of the dimensions, the Border noticed a 2.7% decline.
Total, the nationwide index is 17.6% decrease than its highest degree in 2007. Dublin residential property costs are 22.6% decrease than their February 2007 peak, whereas residential property costs within the Remainder of Eire are 20.1% decrease than their Could 2007 peak.
Property costs nationally have elevated by 83.8% from their trough in early 2013. Dublin residential property costs have risen 91.8% from their February 2012 low, while residential property costs within the Remainder of Eire are 83.9% greater than on the trough, which was in Could 2013.