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Property prices up 5.5% nationally in year to May

Residential property prices (houses and apartments) increased by 5.5% nationally in the year to May, new CSO figures show.

This compares with an increase of 4.6% in the year to April, and an increase of 0.3% in the 12 months to May 2020.

Dublin increases

In Dublin, residential property prices saw an increase of 4.9% in the year to May, while property prices outside Dublin were 6.2% higher. 

In Dublin, house prices increased by 5.6% and apartment prices increased by 1.8%. The highest house-price growth in Dublin was in south Dublin at 6.6%, while Fingal saw a rise of 4.3%.

Outside Dublin

Outside Dublin, house prices were up by 5.7%, and apartment prices up by 14%. The region that saw the largest rise in house prices was the border, at 10.7%.

At the other end of the scale, the increase in the south-west was more modest at 1.1%.