Residential property prices rise by 2.6% in January – CSO

March 12, 2021 Uncategorized

Property prices across the country rose by 2.6% in the year to January, according to the latest figures from the Central Statistics Office. 

This was an increase on the 2.2% recorded in the year to December. 

Prices for properties in Dublin rose by 1.1%, to mark only the fourth time they have increased on an annual basis since July 2019. 

Meanwhile, the CSO said that residential property prices in the rest of the country rose by 4%.

In Dublin, the price of houses rose by 0.6% while apartments rose by 3%. Outside of Dublin, houses rose by 3.8% while apartments rose by 7.5%.  

Overall nationally, residential property prices have risen by 88% since their lowest point in 2013. Prices are 15.7% below their 2007 peak.  

The price of new dwellings, which is measured on a quarterly basis, was 2% higher in the final three months of 2020 compared to the same period in 2019. Existing dwellings were 0.2% higher. 

But the volume of houses sold is still down. There were 3,484 household purchases registered with Revenue in January, down 5.6% compared to January last year. 

It also marked a 30.2% reduction on the number of purchases registered in December.