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Ireland's residential property prices continue to rise

Xinhua, May 27, 2015 Adjust font size:

Ireland's residential property prices continued to rise and last month went up by 0.6 percent, according to official figures released on Wednesday.

The figures from the country's Central Statistics Office indicated that the prices remained up 15.8 percent on an annual basis.

In Dublin, residential property prices rose by one percent in April, and were 20.2 percent higher than in April 2014.

But while Dublin's house prices rose by one percent in April, Dublin's apartment prices remained stable.

Outside of Dublin, residential property prices rose by 0.3 percent in April, and were up 11.4 percent compared with April 2014.

At a national level, residential property prices were 37.8 percent lower than their peak level in 2007.

Dublin house prices were 36.3 percent lower than their peak, Dublin apartment prices were 42.2 percent lower than their peak and Dublin residential property prices overall were 38.1 percent lower than their highest level.

Outside of Dublin, residential property prices were 41.4 percent lower than their highest level in 2007. Endite