House prices up by just 0.3% in April - ptsb
The value of house prices nationally rose by just 0.3% in April, according to the latest edition of the permanent tsb/ESRI House Price Index.
This was down slightly on the 0.4% recorded in March and significantly lower than the growth level of April 2004 (1.2%).
Measuring price movements over the year to date (January to April inclusive), the index records national price growth of just 1.3%; significantly less than half that recorded in the same period last year (3.2%) and the lowest first four month increase in nine years of recording.
This month’s edition of the index also reveals that over the twelve months up to the end of April 2005 the growth in national prices was 6.5% almost half the equivalent growth rate to April 2004 (12.9%).
This continues the downward trend in the rates of growth recorded in the 12 months to the end of November '04 (9.8%), December '04 (8.6%), January '05 (8.5%), February ’05 (7.9%) and March ’05 (7.5%).
