Housing prices in Ireland has risen by 7%

In August 2016, property prices in Ireland increased by 7% yoy and by 6.7% compared to the previous month.

According to the Central statistical office, in Dublin home prices rose by 4.5% per year, and the apartment – by 6.4%. The most rapid growth in housing prices was recorded in Dublin City and Fingal (+5,9%). The least cost per square meter increased in Dun Laoghaire-Rathdown (+1,5%).

In the rest of Ireland (excluding Dublin) house rose in price by 11.4% and apartments by 9.9%. The fastest pace of price growth showed the South-West (14.8 percent).

The average market price of housing in August amounted to €257 314 for Ireland and €381 128 for Dublin. The most expensive administrative district of the Irish capital was Dun Laoghaire-Rathdown, with an average price of €538 886. The cheapest district - South Dublin (€303 042). The lowest average price in Ireland can be found near the border with the United Kingdom (€112 621).

In comparison with 2013 Irish housing rose by 45.6% (in Dublin – by 60.9%, outside the capital – 42.5%). The number of sales yoy increased by 5.9%. The total volume of transactions reached in August €900 842 000. 6.8% of the transactions were carried out with a new property.

Based on the materials of propertywire.com

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