Wednesday, October 24 11:20:33
For the third month in a row the prices of Irish homes rose, registering a 0.9pc gain compared to the previous month while Dublin prices jumped 2.4pc, latest figures from the CSO showed today.
In the year to September, residential property prices at a national level, fell by 9.6pc.
This compares with an annual rate of decline of 11.8pc in August and a decline of 14.3pc recorded in the twelve months to September 2011.
Residential property prices rose by 0.9pc in the month of September. This compares with an increase of 0.5pc recorded in August and a decline of 1.5pc recorded in September of last year.
In Dublin residential property prices rose by 2.4pc in September and were 9.8pc lower than a year ago. Dublin house prices increased by 2.6pc in the month but were 10.6pc lower compared to a year earlier. Dublin apartment prices were 8.8pc lower when compared with the same month of 2011.
The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell by 0.1pc in September compared with a decline of 1.0pc in September last year.
Prices were 9.9pc lower than in September 2011.
House prices in Dublin are 55pc lower than at their highest level in early 2007.
Apartments in Dublin are 63pc lower than they were in February 2007. Residential property prices in Dublin are 56pc lower than at their highest level in February 2007. The fall in the price of residential properties in the Rest of Ireland is somewhat lower at 46pc. Overall, the national index is 50pc lower than its highest level in 2007.