Irish house price growth overtakes dublin

House price growth across Ireland has overtaken Dublin, according to the latest figures from the CSO.

As the country's recovery began, Dublin was racing ahead of the rest of the country, with the city's property prices shooting up. Now, though, Dublin's price growth has cooled, to the point where the rest of the country is now enjoying a faster rate of increase.

In September 2015, residential property prices rose by 1.3 per cent nationwide.

Residential property prices remained up 8.9% on an annual basis. See Table 1.

In Dublin, price growth was 0.9 per cent, while the rest of country saw prices increase 1.3 per cent. On an annual basis, the difference was more pronounced, with the capital enjoying a growth of 8.9 per cent year-on-year, behind the rest of the country's 11.4 per cent.

The market has still not balanced out, though, nor fully recovered. At national level, residential property prices are still 34.6 per cent lower than their peak level in 2007. Dublin house prices are 33.7 per cent below peak, while outside of Dublin, residential property prices are 37.7 per cent below peak.