Residential Property Prices in Ireland Surge, Exceeding 2007 Peak
New data from the Central Statistics Office reveals that residential property prices in Ireland have soared, surpassing pre-recession levels by nearly 10%.
Residential property prices in Ireland have reached a new milestone, with figures from the Central Statistics Office showing that prices are now nearly 10% higher than they were at the peak of the property boom in April 2007. While Dublin property prices are still 1.8% below their February 2007 peak, residential prices in the rest of Ireland have surged past that peak by 10.2%.
The latest data from the CSO reveals that house prices in Dublin saw an 8.8% increase in the 12 months leading up to April, while apartment prices rose by 6.2%. The median price paid for a home in Longford was €169,000, while in Dún Laoghaire-Rathdown, the highest median price reached €624,999.
Dublin residential property prices have soared by 143.3% from their low point in February 2012, while residential property prices in other parts of the country have seen an even more significant increase of 153.7% since hitting a trough in May 2013.
The housing market in Ireland continues to show strong growth, with residential property prices surpassing pre-boom levels in many areas. The disparity between Dublin and the rest of the country highlights the ongoing challenges of affordability and availability in the housing market.
Residential Property Prices in Ireland Surge, Exceeding 2007 Peak
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