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House prices up almost 15% outside Dublin over year

Residential property prices increased by 14% nationally in the year to November, new CSO figures show.

This compares to an increase of 13.3% in the year to October and an increase of 0.4% in the twelve months to November 2020.

In Dublin, residential property prices saw an increase of 12.8% in the year to November, while property prices outside Dublin were 15% higher.

In Dublin, house prices increased by 13.5% and apartment prices increased by 9.7%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 15.5%, while Fingal saw a rise of 10.8%.

Outside Dublin, house prices were up by 14.8% and apartment prices up by 17.5%. The region outside of Dublin that saw the largest rise in house prices was the border at 23.4%.

At the other end of the scale, the mid-east and mid-west saw a 12.6% rise, the statistics show.

Overall decline

Overall, the national index is 5.1% lower than its highest level in 2007.

Dublin residential property prices are 12% lower than their February 2007 peak, while residential property prices in the rest of Ireland are 6.9% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 111.7% from their trough in early 2013.

Dublin residential property prices have risen 117.9% from their February 2012 low, while residential property prices in the rest of Ireland are 114.2% higher than at the trough, which was in May 2013.