Figures from the Central Statistics Office in Ireland show that house prices have risen for the first time since Autumn 2007 .
For almost 5 years Irish house prices hve fallen in nearly every month – with a handful of months where there was no change in price.
Over the whole country the price increase isn’t very big – it is only a 0.2% increase since April 2012 Dublin house prices increased the most – by 0.5% in May while house prices outside Dublin rose by just 0.1% in May.
These figures exclude apartments - they are still falling in price.
The CSO figures are based on the actual price paid - not the asking price. Cash sales are not included in the statistics – so the figure is not 100% accurate.
The monthly CSO house price index is based on the average of the current month and the previous 2 months. Of course - monthly figures might just be showing short-term volatility rather than a long term price trend.
For almost 5 years Irish house prices hve fallen in nearly every month – with a handful of months where there was no change in price.
Over the whole country the price increase isn’t very big – it is only a 0.2% increase since April 2012 Dublin house prices increased the most – by 0.5% in May while house prices outside Dublin rose by just 0.1% in May.
These figures exclude apartments - they are still falling in price.
The CSO figures are based on the actual price paid - not the asking price. Cash sales are not included in the statistics – so the figure is not 100% accurate.
The monthly CSO house price index is based on the average of the current month and the previous 2 months. Of course - monthly figures might just be showing short-term volatility rather than a long term price trend.
