Residential property prices up nearly six per cent

Residential property prices up nearly six per cent

Residential property prices were up by nearly six per cent year-on-year at the end of May, according to new figures.

The latest residential property price index from the Central Statistics Office (CSO) shows that residential property prices in Dublin rose by 4.9 per cent in the year to May 2021 and prices outside Dublin rose by 6.2 per cent.

Overall, the national index is 13.5 per cent lower than its highest level in 2007. Dublin residential property prices are 18.8 per cent lower than their February 2007 peak, while residential property prices in the rest of Ireland are 16 per cent lower than their May 2007 peak.

Nationally, property prices have increased by 92.9 per cent from their trough in early 2013. Dublin residential property prices have risen 101.2 per cent from their February 2012 low, whilst residential property prices in the rest of Ireland are 93.2 per cent higher than at the trough, which was in May 2013.

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