House prices fell again in September - CSO

Tuesday 25 October 2011 13.49
There were further falls for house prices in September
There were further falls for house prices in September

Residential property prices have dropped by 14.3% in the year to September, compared to a decline of 13.9% in the year to August.

According to Central Statistics Office figures released today residential property prices fell by 1.5% in the month of September.

House prices in Dublin are 49% lower than at their highest level in early 2007.

Apartments in Dublin are 59% lower than they were in February 2007.

In Dublin residential property prices fell by 2.1% in September and were 15.6% lower than a year ago.

Dublin house prices decreased by 1.7% in the month and were 15.3% lower, compared to a year earlier.

Dublin apartment prices fell by 4.8% in the month of September and were 19.3% lower when compared with the same month of 2010.

The price of residential properties in the rest of Ireland fell by 1% in September.

A similar rate of decline was recorded in September last year.

Prices were 13.2% lower than in September 2010.