Menu
27/09/2011
Irish Property Prices 'Down 1.6%'
Ireland's residential property prices have fallen by 1.6% in August, so say figures released by the Central Statistics Office (CSO).
The CSO's monthly Residential Property Price Index revealed that overall house prices have fallen by 13.9% in the year to August.
This compares with an annual rate of decline of 12.5% in July and a decline of 10.8% in 2009/2010.
A particularly sharp fall in residential property can bee seen in the prices of apartments in Dublin.
Apartment prices in Dublin fell by 6% in August, compared to a 3.4% fall for house prices.
They are now down 18.3% on the year.
Indeed the decline in residential property prices was sharper in Dublin, down 3.8% on the month, compared with 0.3% outside Dublin.
The figures indicate that residential property prices are down 40% since the height of the property boom in 2007.
(LB/BMcC)
The CSO's monthly Residential Property Price Index revealed that overall house prices have fallen by 13.9% in the year to August.
This compares with an annual rate of decline of 12.5% in July and a decline of 10.8% in 2009/2010.
A particularly sharp fall in residential property can bee seen in the prices of apartments in Dublin.
Apartment prices in Dublin fell by 6% in August, compared to a 3.4% fall for house prices.
They are now down 18.3% on the year.
Indeed the decline in residential property prices was sharper in Dublin, down 3.8% on the month, compared with 0.3% outside Dublin.
The figures indicate that residential property prices are down 40% since the height of the property boom in 2007.
(LB/BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
11 April 2024
NI Firms To Attend National Construction Summit In Dublin
Hundreds of construction companies and experts are set to travel to Dublin next week for the annual National Construction Summit at the Sport Ireland Campus, Blanchardstown.
NI Firms To Attend National Construction Summit In Dublin
Hundreds of construction companies and experts are set to travel to Dublin next week for the annual National Construction Summit at the Sport Ireland Campus, Blanchardstown.
07 March 2002
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax. The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax. The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
26 June 2002
NI house prices amongst fastest growing in UK
House prices in Northern Ireland have been growing faster than anywhere else in the UK outside London and the Home Counties, according to business advisors PricewaterhouseCoopers (PwC). According to the latest issue of PwC’s ‘UK Economic Outlook’, London house prices rose by 250% since 1995, followed by the southeast of England and East Anglia.
NI house prices amongst fastest growing in UK
House prices in Northern Ireland have been growing faster than anywhere else in the UK outside London and the Home Counties, according to business advisors PricewaterhouseCoopers (PwC). According to the latest issue of PwC’s ‘UK Economic Outlook’, London house prices rose by 250% since 1995, followed by the southeast of England and East Anglia.
29 April 2002
Property firm Lisney on top of NI property market
Belfast Property consultancy Lisney has been identified as the busiest property agency in Northern Ireland by UK commercial property resource EGi, the online version of leading property journal Estates Gazette.
Property firm Lisney on top of NI property market
Belfast Property consultancy Lisney has been identified as the busiest property agency in Northern Ireland by UK commercial property resource EGi, the online version of leading property journal Estates Gazette.
03 April 2002
RICS urges businesses to "wake up" to property issues
The Royal Institute of Chartered Surveyors (RICS) has launched a new tool aimed at helping UK business to ensure their property arrangements work harder for the bottom line. “Property Solutions” is a web based device designed by RICS to help the UK’s 3.
RICS urges businesses to "wake up" to property issues
The Royal Institute of Chartered Surveyors (RICS) has launched a new tool aimed at helping UK business to ensure their property arrangements work harder for the bottom line. “Property Solutions” is a web based device designed by RICS to help the UK’s 3.
-
Northern Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
