House prices remained static last month for the first time in almost two years, official figures have revealed today.
According to the Central Statistics Office, the price of a house in Dublin increased slightly during March, up 0.7%, while the cost of apartments was unchanged.
Residential property prices in Dublin are still 18.3% lower when compared with the same month of 2011, with apartment prices in the city 18.9% than a year ago.
The picture outside Dublin showed prices continuing to fall, down 0.6% last month, compared with a decline of 1.5% in March last year.
Prices were 15.5% lower than in March 2011.
House prices in Dublin are now 55% lower than at their highest level in early 2007, with Dublin apartment prices 61% lower than in February 2007.
Overall residential property prices in Dublin are 57% lower than their peak.
The fall in the price of residential properties in the rest of Ireland is somewhat lower at 45%.
Overall, the official register shows that the property crash has wiped 49% off the value of homes and apartments in the five years since the market peak.