Property prices in the South West saw the largest rise in the country outside of Dublin. Houses there are being sold at 4.3% higher than this time last year.
Figures released by the CSO today show that nationally residential property prices have fallen by 0.5% in the year to July.
There was no change in the year to June and an increase of 2.2% in the 12 months to July 2013.
Residential Property Index 2020. Source: CSO.ie
Property prices in the capital declined by 1.3% in the year to July, while the highest house price growth in Dublin was in Dun Laoghaire-Rathdown at 1.3%.
Across the country, property prices have increased by more than 83% since 2013 but are still 20% lower than its peak in 2007.
Commenting on the figures, Director of Financial Services in
Brokers Ireland, Rachel McGovern said “Housing is no longer affordable for huge swathes of
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