Irish property prices up 8.9 pct year-on-year in September

Irish residential property prices nationwide were up 8.9 percent in September compared to the same month last year, according to official figures from the Central Statistics Office (CSO) on Wednesday.

This is the slowest annualized rate of increase since June 2013 and the annual growth rate has now slowed for six months in a row, the CSO said.

The CSO figures showed that in September residential property prices rose by 1.3 percent nationwide.

In Dublin, residential property prices rose by 0.9 percent in September. Dublin residential property prices were 6.5 percent higher than in September 2014.

Dublin house prices rose by 1.1 percent in September while Dublin apartment prices decreased by 0.4 percent.

Outside of Dublin, residential property prices rose by 1.6 percent in September. On an annual basis, prices were up 11.4 percent.

At national level, residential property prices were 34.6 percent lower than their peak level in 2007.

Dublin house prices were 33.7 percent lower than their peak, Dublin apartment prices were 40.7 percent lower than their peak and Dublin residential property prices overall were 35.6 percent lower than their highest level.

Outside of Dublin, residential property prices were 37.7 percent lower than their highest level in 2007. Enditem