Property prices down in November

Average national residential property prices decreased by 0.5% in the month of November, official statistics have shown.

This compares with an increase of 1.6% recorded in October and an increase of 0.5% recorded in November of last year.

In Dublin, residential property prices decreased by 1.3% in November and were 3.3% higher than a year ago. Dublin house prices decreased by 1.2% in the month and were 3.1% higher compared to a year earlier.

The price of residential properties in the Rest of Ireland rose by 0.2% in November compared with a rise of 1.2% in November of last year.

Prices were 9.6% higher than in November 2014.

Overall, residential property prices have risen by 6.5% in the year to the end of November.

This compares to an increase of 7.6% in October and an increase of 16.2% in the 12 months to November 2014.

House prices in Dublin are 33.8% lower than at their highest level in early 2007.

Apartments in Dublin are 41% lower than they were in February 2007.

Residential property prices in Dublin are 35.8% lower than at their highest level in February 2007.

The price of residential properties in the Rest of Ireland is 36.2% lower than their highest level in September 2007.

Overall, the national index is 33.8% lower than its highest level in 2007.


KEYWORDS: property prices

 

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