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Financial News: Ireland Residential Property Price Inflation Highest In 1

Ireland Residential Property Price Inflation Highest In 17 Months

06/19/2024 - 06:39:00 (RTTNews)

(RTTNews) - Ireland's residential property price index increased at the fastest pace in nearly one-and-a-half years in April, data from the Central Statistics Office showed on Wednesday.

Residential property prices rose 7.9 percent year-on-year in April, faster than the 7.4 percent gain in March. Prices have been rising since February 2020.

Further, the latest rate of growth was the fastest since November 2022, when prices had risen 8.5 percent.

In the capital region, Dublin, residential property prices rose 8.3 percent annually in April. House prices alone showed an increase of 8.8 percent, and those of apartments climbed by 6.2 percent.

Except for Dublin, residential property prices in Ireland were 7.6 percent higher in April than a year ago.

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