The Central Statistics Office has just released the following information on house prices nationally, in Dublin and in the rest of Ireland.
In the year to February, residential property prices at a national level, increased by 8.0%. This compares with an increase of 7.6% in January and an increase of 14.9% recorded in the twelve months to February 2015.
Residential property prices showed no change in the month of February. This compares with a decrease of 0.5% recorded in January and a decrease of 0.4% recorded in February of last year.
In Dublin, residential property prices decreased by 0.1% in February and were 4.0% higher than a year ago. Dublin house prices decreased by 0.3% in the month and were 4.0% higher compared to a year earlier.
The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) rose by 0.1% in February compared with no change in February of last year. Prices were 11.5% higher than in February 2015.
Residential property prices in Dublin are 36.9% lower than at their highest level in February 2007. The price of residential properties in the Rest of Ireland is 35.2% lower than their highest level in September 2007. Overall, the national index is 33.8% lower than its highest level in 2007.