Residential property prices nationwide rose by 0.5% in May on a monthly basis and are up 13.8% on an annual basis, new figures from the Central Statistics Office show.
Today’s figures show that residential property prices in Dublin fell by 0.1% in May. Dublin house prices were down 0.2% in the month while apartment prices rose by 0.4%.
The CSO said that Dublin residential prices remained 15.2% higher in May of this year compared to the same time last year. Residential property prices outside of Dublin rose by 1.1% in May and are up 11.9% in May 2014 compared to May 2014.
The CSO figures show that at a national level, property prices are still 37.5% lower than their peak levels in 2007. Dublin house prices are 36.4% lower than their peak, while Dublin apartment prices are 41.9% off their peak 2007 levels. Outside of Dublin, residential property prices are 40.8% lower than their highest level in 2007.