Property prices in Ireland rose by 14.9% in September 2014 y-o-y. The housing market is recovering rapidly, as in September 2013 growth was +3.6% in annual terms, ee24.com informs citing data from the Central Statistics Office. The monthly growth in property prices in Ireland was 2.3% in August and 1.8% in September 2014.
The greatest growth recorded predictably in the capital. Property in Dublin rose in price by 23.4% in September 2014 y-o-y, while the apartment segment rose by 35.2%. For comparison, housing in the rest of the country went up by 7% y-o-y and 1.1% – in the monthly basis.
But prices are still below the peak levels in February 2007. Houses in Dublin fell in price by 37.7% for last 7 years, the apartments – by 44.2%, and the entire residential property in the capital of Ireland – by 39.6%, as all real estate in Ireland – by 44%.
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