Residential property prices in Ireland increased by 2.3% in the year to July

Property prices in Ireland are still rising, up 2.3% in the year to July 2019, but down significantly on the 10% rise recorded in the 12 months to July 2018, the latest index shows.

But prices are falling in Dublin, down by 0.2% in the year to July. However, it depends on property type with houses down by 0.5% and apartments up by 0.9%. The highest house price growth in Dublin was in South Dublin at 3%, while Dun Laoghaire-Rathdown saw a decline of 6.3%.

The data from the Central Statistics Office (CSO) also show that in the rest of Ireland prices increased by 4.8% year on year with house prices up 4.6% and apartments up5.4%. The region outside of Dublin that saw the largest rise in house prices was the Border at 16.1%, while the smallest rise was recorded in the Mid-East at 0.4%.

Overall, the national index is 17.3% lower than its highest level in 2007. Dublin prices are 21.8% lower than their February 2007 peak, while prices in the rest of Ireland are 20.2% lower than their May 2007 peak.

Property prices nationally have increased by 84.7% from their trough in early 2013. Dublin prices have risen 93.8% from their February 2012 low, whilst prices in the rest of Ireland are 83.6% higher than at the trough, which was in May 2013.

The median price is €255,000 with the Dublin region recording the highest median price at €366,000 in the year to July. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price at €530,000and Fingal the lowest at €337,000.

The highest median prices outside Dublin were in Wicklow at €320,000 and Kildare at €300,000, while the lowest price was €100,000 in Longford.