The growth of residential property prices is accelerating with a 12.3 per cent increase recorded in the 12 months to the end of December, new Central Statistics Office (CSO) figures show. Residential property prices in Dublin have increased by 87.3 per cent from their February 2012 low, while residential property prices in the rest of the State are 64.8 per cent higher than their lowest point in May 2013. Residential property prices across the State outside Dublin were 13.3 per cent higher in the year to December. The west region showed the greatest price growth (16.4 per cent), while the southeast region recorded the least price growth (11 per cent). Dublin residential property prices are 24.4 per cent lower than their February 2007 peak, while residential property prices in the rest of Ireland are 28.4 per cent lower than their May 2007 peak.

Source: The Irish Times February 14, 2018 11:26 UTC