NATIONAL RESIDENTIAL PROPERTY PRICES INCREASE BY 10.6 %
DUBLIN REGION 22 % HIGHER THAN LAST YEAR
DUBLIN HOUSE PRICES
May 2014 saw Dublin property prices rise by 4.2 percent, and are now currently 22 percent higher than this time last year.
ROSE BY 3.5 % IN AUGUST 2014
Recent price rises have allowed thousands of property owners to be taken out of the negative equity situation they have been for the last seven years.
The unequal spread in house values means however,
that there are still over 300,000 homeowner remaining
in negative equity.
During the year June 2013 to May 2014 residential
property prices rose in value by 10.6 per cent.
This compares to an 8.5 increase in April
and a decrease of 1.1 per cent recorded in the
12 months to the end of
May last year .
Overall house prices rose 2.3 per cent in May,
0.9 per cent more than the increase recorded in
April and 2 per cent higher than the increase recorded
in May of 2013.
When the price booming region of Dublin city
and suburban region is excluded from the figures above,
the price of homes rose by 0.6 per cent in May
compared with an increase of 0.1 per cent
in May of last year and prices were
1.8 per cent higher 12 months previously.
Residential property prices in Dublin are 46.3 per cent lower than at their highest level in February 2007 while prices elsewhere in the State are now 47 per cent lower than their highest level in September 2007. Overall, the national index is 45.1 per cent lower than its highest level in 2007.
This summary is based on recent RTE.ie and Irish Times articles.
34% RISE IN DUBLIN PROPERTY SALES
2012 & 2013
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