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Friday 15 April 2016

Residential property prices rise by 8% in the year to February

Residential property prices rose by 8% in February, according to new figures from the Central Statistics Office (CSO).

This is compared to the same month last year.

The growth compares to year-on-year increases of 7.6% in January and 6.6% in December.

Outside of Dublin, prices rose by 11.5% - the strongest growth rate since May 2007.

In the capital, there was a 4% rise in the 12 months, although residential property prices decreased by 0.01% in February from January.

Property prices nationally showed no change in February from the previous month, according to the figures.

House prices are now just over 35% lower than they were at peak times in 2007.

Resource: http://www.newstalk.com

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