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PROPERTY PRICES FELL marginally in the capital last month – but were still 22.4% higher than they were in November 2013.
The 0.1% decrease is the first drop recorded in monthly prices since February 2014.
CSO figures show that in the year to November, residential property prices across the country increased by 16.2%, accounting for a 0.5% rise in the month.
Although there has been consistent growth over the past eight months, 0.5% is the lowest monthly increase in that period.
According to the CSO, house prices are still 35.8% lower than at the height of the boom in early 2007.
Apartments in Dublin are 44.3% lower that they were in February 2007.
Property Industry Ireland, an Ibec-affiliated group, revealed that the number of residential property purchase transactions have increased by 10,000 in 2014 (from 24,992 to 34,676).
It warns of an increase in the cost of city living and more housing shortages in Dublin.
“We now have a clear and growing divide between the Dublin and rural housing markets where prices rose 9.6%. This is largely the consequence of an under-supply of new housing to meet increased demand,” director Peter Stafford said in a statement.
He added that the outlook for house prices in 2015 will be determined by the speed with which new houses come to the market.
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Give us the answer so we don’t have to watch the v clip
Can’t watch videos in work….c’mon Journal. Get with the programme.
He drives a four wheel drive VW transporter and an Audi A4. Sorry I watched the video now!
Cheers John
does he wear the jumpsuit everywhere he goes
Some say he knows two facts about ducks, and both of them are wrong.
Glad to see he had the last laugh over Clarkson who publicly derided him on a number of occasions for leaving the show.
How has he had the last laugh? Clarkson is worth millions.
I AM THE STIG!
Clarkson lost Top Gear and his ego will have taken a severe beating as a result..no money on the world can offer any comfort to that ego maniac..
Is this television or a a news website?
Ahh Jebus Paul do you really visit the journal.ie for news?
Some say that his buttocks are back to front and he wears aftershave that smells like 10w40 .
But we know him as “The Stig”
Couldn’t be the Stig! Must be the Stink!!
On fairness of you get to drive the best cars in the world why bother forking out shed loads of money on your own. A car which would satisfy his driving ability would be so expensive it wouldn’t be viable.
The owners of those cars usually buy them to show off and pose in
This guy doesn’t need to show off
have your say