Property prices rose slightly in July everywhere but in Dublin where the prices declined - CSO

Thursday 30 August 2012 16.12
The average price for residential property is down 50% from the peak in 2007
The average price for residential property is down 50% from the peak in 2007

Property prices rose slightly in July according to figures from the Central Statistics Office, though the cost of Dublin properties continued to decline.

Overall there was a 0.2% increase in the price of property across the country, following the 1.1% drop recorded in June.

Dublin prices fell 0.3% during July, however, putting them 16.6% lower than they were last year.

This drop was compensated for by a 0.3% increase in prices in counties excluding Dublin, which were 12.1% lower than prices in July 2011.

Overall the CSO said prices fell by 13.6% in the past 12 months and are 50% below their peak in 2007.

There is a 10% difference between the drop in residential prices in Dublin and the rest of the country, however.

Dublin prices have fallen 57% since the peak while the rest of the country has seen price falls of 47%.

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