RESIDENTIAL PROPERTY PRICE INDEX NOVEMBER 2018

Residential property prices rise by 7.1% in the year to November

Residential property prices increased by 7.1% nationally in the year to November. This compares with an increase of 8.4% in the year to October and an increase of 11.2% in the twelve months to November 2017.

In Dublin, residential property prices rose by 5.0% in the year to November, with house prices rising by 4.6% and apartments by 6.5%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 6.8%, while the lowest growth was in Fingal at 3.9%.

Residential property prices in Ireland excluding Dublin were 9.3% higher in the year to November, with house prices up by 8.8% and apartments by 14.5%. The region outside of Dublin that saw the largest rise in property prices was the Mid-West at 20.7%, while the smallest rise was recorded in the Border region at 6.1%.

Overall Decline

Overall, the national index is 18.0% lower than its highest level in 2007. Dublin residential property prices are 20.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 22.6% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 83.0% from their trough in early 2013. Dublin residential property prices have risen 96.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 78.1% higher than at the trough, which was in May 2013.