The latest installment of the CSO Residential Property Price Index was released this morning. AIRO has updated its interactive graphing tool of the house prices to include the new data (see below). The tool allows you to explore the performance of the housing market from 2006 to July 2012 including index scores, annual change and overall change from the market peak. Properties can be viewed by type (house/apartment) and by crude geography (nationally, Dublin and nationally excluding Dublin). As we detailed a month ago, care needs to be taken in interpreting the data for a number of reasons. Nonetheless, the headline figures are that house prices fell nationally by 13.6% in the year to July compared to a decline of 14.4% in the year to June. In the month of July prices increased by 0.2% nationally representing a very slight improvement in comparison to June 2012 which reported a 1.1% decrease in the month. In Dublin property prices fell by 0.3% in the month and 16.6% in the year to July, while apartments were the worst performing and were 19.6% lower than July 2011. Prices outside Dublin rose by 0.3% in the month and were 12.1% lower than the same period in 2011.
Eoghan McCarthy and Rob Kitchin