Irish property prices continue slow climb

Irish property prices continued their slow climb back from the financial crisis in March 2015, as values edged up 0.9 per cent.

Residential property prices were up 16.8 per cent on an annual basis, according to the Central Statistics Office. Dublin continues to lead the way on both scales: on a monthly basis, Dublin residential values rose 1.1 per cent, ahead of 0.7 per cent outside of Dublin; and on a year-on-year basis, values rose 22.8 per cent, ahead of the 10.7 per cent recorded outside of Dublin.

At national level, residential property prices were 38.2 per cent lower than their peak level in 2007. Dublin house prices were 36.9 per cent lower than their peak, while outside of Dublin, residential property prices were 41.5 per cent lower than their highest level in 2007.