The price of property is up despite a slew of mortgage interest rate rises. Outside Dublin, the residential property price index shows that prices rose up by 3.8pc, the CSO said. “In Dublin, residential property prices saw a decrease of 1.4pc, while property prices outside Dublin were 3.8pc higher in July 2023 than a year earlier.”Prices continue to rise despite a surge in mortgage interest rates. Dublin residential property prices are 8.9pc lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 3.6pc higher than their May 2007 peak. Dublin residential property prices have risen by 125.5pc from their February 2012 low, while residential property prices in the Rest of Ireland are 138.3pc higher than at the trough, which was in May 2013.

Source: Irish Independent September 18, 2023 12:47 UTC