Property Futures

Real Estate News, Reviews and Investment

House prices rise in Dublin

News: difficult times for remaining markets of Ireland.

In Ireland there is a glint of optimism that the 5-year real-estate slump may be coming to an end. The latest housing data has shown that overall prices in Dublin was up 0.5% in January, representing an increase of 2.1% over last year’s figures.

ireland-house-prices-coast-houses-July292010

The rest of Ireland

Despite the slight resurgence experienced in Dublin, it may take some time for the rest of the country to catch up, as on a national basis, prices were down 0.6% in January, the second national monthly drop in a row.

 

Falling house prices

  • Up to January of 2012, residential real estate prices nationally, were down 3.3% as shown by the Central Statistics Office. This compares more favorably with the annual decline of 4.5% in December of 2011 and an overall decline over 12 months up to January 2012.
  • Even in Dublin itself, not all real-estate categories performed well. Though house prices in Dublin were up 0.3% month to month and were up 2.8% year on year, apartment prices were down 4.6% when compared with the same month of 2012.
  • To make matters less attractive, the price of residential properties in the rest of Ireland fell by 1.6% in January compared to a drop of 0.7% in January last year. The position in January of 2013 was even more discouraging with a drop of 7% than in January 2012.

 

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