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Property prices grow at slowest pace in two years in October - CSO

The cost of a residential property increased by 8.4% in the year to October, the lowest annual rise since October 2016
The cost of a residential property increased by 8.4% in the year to October, the lowest annual rise since October 2016

House and apartment prices grew at their slowest rate in two years in October, latest figures from the Central Statistics Office show.

The cost of a residential property increased by 8.4% in the year to October, the lowest annual rise since October 2016.

Continuing a hardening trend, prices outside of Dublin continue to increase at a faster pace than in the capital.

Price growth across Ireland outside of Dublin in the 12 months to October stood at 10.6%, compared with a rise of 6.3% inside Dublin.

The region showing the largest price growth was the Mid-West, where house and apartment prices jumped by more than a fifth (21.5%).

Within the Dublin region, south Dublin had the lowest growth rate at 5%.

Irish property prices have risen by 83.8% from their trough in early 2013, with Dublin prices almost doubling (+98%) from their February 2012 low.

Residential property prices in the rest of Ireland are 77.9% higher than at their trough, which was in May 2013.