Property Price Increase Slows...


Property Price Increase Slows A Little

Laura Donnelly
Laura Donnelly

01:56 14 Apr 2023

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The rate at which residential property prices are increasing continues to slow.

They went up by 5% in the year to February.

The National Residential Property Price Index published by the CSO shows residential property prices increased by 5% in the 12 months to February.

That's down from 6.1% in the year to January.

In Dublin city and county, house prices increased by 3% and apartment prices were up 4%. However, in Dublin city there was a fall in house prices by 0.5%.

Outside the capital house prices went up by 6.6% and apartment prices rose by 3.3%.

The border region saw the largest increase in house prices at 9% , while the mid-west region saw a 4.9% increase.

The most expensive Eircode area over the 12 months to February 2023 was A94 which is Blackrock, while F35 Ballyhaunis and F45 Castlerea shared the least expensive price.

Reporting by Eamonn Torsney

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