House prices down by 12.5% in year to July
House and apartment prices fell by 0.8% last month and are down 12.5% in the year to July, according to latest figures from the Central Statistics Office (CSO).
This compares with an annual rate of decline of 12.9% in June and a decline of 12% recorded in the 12 months to July 2010
In Dublin, residential property prices in July remained the same in the month of July and were
11.9% lower than a year ago, the CSO said.
The price of residential properties in the rest of Ireland fell by 1.3% in July compared with a decline of 1.5% in the same month of last year.
Residential property prices in Dublin are now almost 49% lower than at their highest level in February 2007.
The fall in the price of residential properties in the rest of Ireland is somewhat lower, at almost 40%.
Overall, the national index is almost 43% lower than its highest level in 2007.
