Twitter Facebook RSS FEEDS

Dublin houses prices up - for now

Wednesday, 29 June 2011 11:45 AM

House prices in Dublin rose month-on-month in May for the first time in three years, according to new research.

Ireland’s KBC bank reported that between April and May, Dublin property prices rose 0.4 per cent, offering a tiny glimmer of hope that the market’s long downward spiral may be coming towards an end.

“The improvement in Dublin house prices in May could be consistent with expectations of a protracted and uneven bottoming-out process in the Irish property market that would give rise to contrasting fortunes in different market segments,” KBC said in response to figures released by Ireland’s Central Statistics Office.

However, the new data continued to paint a generally grim picture as overall house prices continued downward and the Central Statistics Office warned it was likely the monthly increase could indicate short-term volatility rather than the beginnings of a recovery.

Dublin apartment prices continued to drop, falling 0.3 per cent month-on-month.

Across Ireland residential prices have dropped an average of 41 per cent from their peak in 2007. In Dublin, prices are down 46 per cent from peak levels.

On a national level, residential property prices fell 1.2 per cent month-on-month in May, with a year-on-year decline of 12.2 per cent.

Want to be the first to know when we break a story? Follow @AboutProperty on Twitter and subscribe to our free weekly newsletter.
 

Related stories

River in Dublin

Irish house prices continue to fall

Residential property prices in Ireland plunged by 12.2 per cent year-on-year in the 12 months to April, figures released today reveal.

 Prices in Dublin fell faster than the rest of the country. Image:Allstar

Irish house prices fell even faster in 2011

Homes lose 16.7 per cent of their value in 12 months and are now down by almost half on 2007 peak.

Rooftops of Riga

European property price recovery slows

The world's annual house price growth stood at 3.1 per cent in the third quarter, with Europe delivering weak results overall.

 Washington DC in springtime

US house prices drop to 2002 levels

US house prices dropped to a new recession low in the first three months of 2011, according to a new report.
Abu Dhabi Grand Mosque

Abu Dhabi house prices decrease as market livens up

Increased supply is helping drive down prices in the Abu Dhabi residential property market, which had until recently been stagnant.

 Farmhouse in lavender field, Provence, France

French property values continue to grow

Prices grew well outside Paris, up 4.3 per cent in the three months to June, and values were up everywhere for the fifth quarter.
Villa for sale in Mallorca

Balearic market faring better than mainland Spain

An expert from Sotheby's explains why house prices in Mallorca are faring particularly well.

 Hong Kong by night

Global housing market weakens further

The global housing market weakened further in Q1 2011, according to new data released today. Find out where fared best - and worst.
Sintra Castle, Portugal

Further gloom for Portuguese housing market

The gloom descending over the Portuguese housing market has intensified – but there are marked regional variations, says RICS.

 Eiffel Tower

Paris luxury property values boom

House prices in Paris are bouncing back after the recession – but some other major cities haven't been so lucky, says Knight Frank.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.