Residential property prices in Ireland increased by 3.1% nationally in the year to April 2019, down slightly from the annual increase of 3.8% in the previous month, official figures show.
The data from the Central Statistics Office show that the annual growth is down considerably from the 12 months to April 2018 when it was 13.3%.
In the year to April prices in Dublin increased by just 0.5%. House prices were unchanged while apartment prices increased by 2.2%. The biggest growth was 4% in South Dublin while prices fell by 1.5% in Dun Laoghaire-Rathdown.
In the rest of Ireland prices increased by 5.6% with house prices up by 5.8% and apartment prices up by 5.9%. The largest rise in property prices was the Border region with a rise of 11.4%, while the smallest rise was recorded in the Mid-East at 1.5%.
Overall, the national index is 18.5% lower than its highest level in 2007. Dublin residential prices are 22.5% lower than their February 2007 peak, while property prices in the rest of Ireland are 21.8% lower than their May 2007 peak.
Property prices nationally have increased by 81.9% from their trough in early 2013. Dublin l property prices have risen 91.9% from their February 2012 low, whilst property prices in the rest of Ireland are 79.9% higher than at the trough, which was in May 2013.
The data also shows that households paid a median price of €250,000 for a dwelling on the residential property market in the 12 months to April 2019.
The Dublin region had the highest median price at €366,000 in the year to April. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price at €537,000, while Fingal had the lowest at €331,887.
The highest median prices outside Dublin were in Wicklow at €315,000 and Kildare at €295,000, while the lowest was €100,000 in Longford and Leitrim.
Source: Property Wire
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