Ireland sees average house price rise

Ireland finally saw an increase rather than a drop in September, when the average price of residential property in Dublin rose by 2.4%, according to figures released by CSO.

House prices (not including apartments) increased by 2.6%, up significantly from August, when the capital saw a 0.5% decrease in house price.

However, this was 10.6% lower year-on-year.
The rest of the country saw a 0.1% price fall, making the national price rise 0.9%.

This was the highest recorded monthly house price rise in Ireland in five years.

Throughout the country, the average price of residential property fell 9.6% annually up to September 2012, while the 12 months up to September 2011 had a decline of 14.3%.

Compared to their highest level in February 2007, residential property prices in the rest of Ireland and those in Dublin alone have fallen 46% and 56% respectively.

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