Property prices in capital up 11.5% over year
Residential property prices (houses and apartments) increased by 12.4% nationally in the year to September, new CSO figures show.
This compares to an increase of 10.9% in the year to August and a decrease of 0.8% in the twelve months to September 2020.
In Dublin, residential property prices saw an increase of 11.5% in the year to September, while property prices outside Dublin were 13.2% higher.
In Dublin, house prices increased by 12.4% and apartment prices increased by 7.7%. The highest house price growth in Dublin was in Dublin city at 14.1%, while Fingal saw a rise of 8.6%.
Outside Dublin, house prices were up by 13.0% and apartment prices up by 15.1%. The region outside of Dublin that saw the largest rise in house prices was the border at 21.9% - at the other end of the scale, the mid-east saw an 10.7% rise.
Overall, the national index is 7.4% lower than its highest level in 2007. Dublin residential property prices are 13.8% lower than their February 2007 peak, while residential property prices in the rest of Ireland are 9.5% lower than their May 2007 peak.
Recovery
Property prices nationally have increased by 106.5% from their trough in early 2013.
Dublin residential property prices have risen 113.5% from their February 2012 low, whilst residential property prices in the rest of Ireland are 108.2% higher than at the trough, which was in May 2013.