OLDEST IRISH AMERICAN NEWSPAPER IN USA, ESTABLISHED IN 1928
Category: Asset 5Business

Way down and a tiny uptick

September 19, 2012

By Staff Reporter

If you bought a house in Dublin five years ago, tough luck. That year was the peak of the property bubble. House prices in the Irish capital are now running at 56 percent lower than that eve of the big bubble bust

Dublin apartment prices, meanwhile, are now 63 percent lower than in 2007 while in the rest of the Republic, the drop in the price of residential property is lower at 47 percent.

Overall, according to the Residential Property Price Index published by the Irish government’s Central Statistics Office, the national property price index is 50 percent lower than at its peak in 2007.

Residential property prices fell by 13.6 percent nationally in the year to July, but actually rose by 0.2 percent in that month.

The slight rise in prices in the month of July compares with a drop of 1.1 percent in June, and a decline of 0.8 percent in July 2011, this according to the Residential Property Price Index published by the CSO.

Other Articles You Might Like

Sign up to our Daily Newsletter