So, Dublin’s houses have their post crash drop in equity fully restored now. Nobody owning a house in Dublin is now in negative equity.
— John Collins (@HangBlaa) July 20, 2018
Table from a Central Statistics Office report published earlier today
The Central Statistics Office reports:
In the year to May, residential property prices at national level increased by 12.4%. This compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.
In Dublin, residential property prices increased by 10.7% in the year to May. Dublin house prices increased 10.3%. Apartments in Dublin increased 13.5% in the same period. The highest house price growth was in Dublin City, at 14.6%. In contrast, the lowest growth was in South Dublin, where house prices increased 6.6%.
Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 14.1% higher in the year to May. House prices in the Rest of Ireland increased 13.7% over the period. The Mid-West region showed the greatest price growth, with house prices increasing 22.1%. The Border region showed the least price growth, with house prices increasing 3.7%. Apartment prices in the Rest of Ireland increased 15.5% in the same period.
Overall, the national index is 20.4% lower than its highest level in 2007. Dublin residential property prices are 22.5% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 25.5% lower than their May 2007 peak.
In the 12 months to May, the median price paid by households for a dwelling on the residential property market was €235,000.
Dublin was the region with the highest median price (€359,000) in the year to May. Of the four administrative areas of Dublin, Dún Laoghaire-Rathdown had the highest median price (€528,500). Whereas, Fingal had the lowest median price (€315,000).
Outside Dublin, the highest median prices were in Wicklow (€310,000) and Kildare (€277,250).
The lowest median price for a dwelling was in Longford (€91,000). The next lowest were Leitrim and Roscommon (both €95,000)