Dublin house prices have risen 18% from 2013. House prices in Dublin are almost a fifth higher than a year ago, according to the latest official figures.
The Residential Property Price Index showed prices rose in the city by 3.1% in April and are now 17.8% higher than a year ago.
These rises are not matched in the property market outside the city.
Prices of residential properties in the rest of the Republic of Ireland fell by 0.3% in April and are 1.3% higher than April 2013.
Brian Turtle of OKT comments “the movement in house prices in Dublin signals the end of the extensive period of price compression due to the long and sustained recession, coupled with a period of inactivity in the new build sector. In a similar manner, Belfast as the largest centre of population in the Province is witnessing strong signs of recovery, with much increased sales volumes, price inflation and faster transaction times. This demand is very evident in the New Homes sector and is already resulting in a significantly stronger market for development land”.
