Property prices are continuing to rise across the country, with prices up 1.8 per cent in the last month, and now 15 per cent higher than this time last year.
Figures from the Residential Property Price Index, compiled by the Central Statistics Office, show Dublin property values are 23 per cent higher than this time last year, with apartments in the capital seeing a massive 35 per cent increase.
Prices outside the capital are also rising. Excluding Dublin, house prices are 7 per cent higher now than in September 2013.
However, there has been a slow down in the rate of growth in prices. Latest data from the Central Statistics Office show Dublin house prices rose by 23.4 per cent in the 12 months to September – down on 25.1 per cent year on year last month.
House prices in Dublin remain 37.7 per cent lower than their peak, in 2007. Apartments are even further from their peak, currently 44.2 per cent lower than 2007.
Outside Dublin, prices are 44 per cent off their record high in February 2007.
Property prices in Dublin continue to rise, although the rate of growth in house prices has slowed.
A lack of supply combined with a large number of cash buyers remains the driving factors behind the growth in prices.
