In the year to September, residential property prices at national level increased by 8.2%, according to the CSO. This compares with an increase of 8.9% in the year to August and an increase of 12.0% in the twelve months to September 2017.
In Dublin, residential property prices increased by 5.8% in the year to September. Dublin house prices increased by 5.5%, while apartment prices were up by 7.8% in the same period. The highest house price growth was in Dún Laoghaire-Rathdown, at 8.3%. In contrast, the lowest growth was in South Dublin, where house prices increased by 4.2%.
Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 10.8% higher in the year to September. House prices in the Rest of Ireland increased by 10.2% over the period. The Mid-West region showed the greatest price growth, with house prices increasing by 21.0%. The Border region showed the least price growth, with house prices increasing by 5.8%. Apartment prices in the Rest of Ireland increased by 16.7% in the same period.
Overall Decline
Overall, the national index is 18.1% 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 22.7% lower than their May 2007 peak.
Recovery
From the trough in early 2013, prices nationally have increased by 82.8%. Dublin residential property prices have increased by 96.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 77.8% higher than the trough, which was in May 2013.
Residential Property Price Index annual percentage change September 2018
| Price Index | annual percentage change |
|---|---|
| National - all residential properties | 8.2 |
| National - houses | 8 |
| National - apartments | 11.6 |
| Dublin - all residential properties | 5.8 |
| Dublin - houses | 5.5 |
| Dublin - apartments | 7.8 |
| Dublin City - houses | 6.6 |
| Dun Laoghaire-Rathdown - houses | 8.3 |
| Fingal - houses | 5.7 |
| South Dublin - houses | 4.2 |
| National excluding Dublin - all residential properties | 10.8 |
| National excluding Dublin - houses | 10.2 |
| National excluding Dublin - apartments | 16.7 |
| Border - houses | 5.8 |
| Midland - houses | 11.8 |
| West - houses | 14.2 |
| Mid-East - houses | 9.7 |
| Mid-West - houses | 21 |
| South-East - houses | 10.8 |
| South-West - houses | 10 |
