Irish prices rise for second consecutive month

Irish residential property prices saw a month-on-month rise in August for the second consecutive month, according to official data, though prices are still plummeting on a yearly basis.

The Central Statistics Office (CSO) released figures showing house prices increasing by 0.5% in August after a 0.2% rise in July.

However, prices across Ireland have fallen 12% over the last year.
CSO figures are based on mortgages and do not take account of cash transactions.

Dublin did not fare well, seeing a 0.5% month-on-month decline in August and a 13.8% fall year-on-year. House prices in Dublin have fallen an incredible 56% from their peak in early 2007.

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