Irish House Prices Increased For the First time in 5 Years

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.