Longford house prices continue to rise

This compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.

Residential properties outside Dublin were 14.1% higher in the year to May, while prices in throughout the rest of the country increased 13.7% over the period.

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The Mid-West region showed the greatest price growth, with house prices increasing 22.1% with the Border region showing the least price growth, with house prices increasing 3.7%. Apartment prices in the rest of Ireland increased 15.5% in the same period.

In Dublin, residential property prices increased by 10.7% in the year to May.
Apartments in Dublin increased 13.5% in the same period and the highest house price growth was in Dublin City, at 14.6%.

In contrast, the lowest growth was in South Dublin, where house prices increased 6.6%.

Overall, the national index is 20.4% lower than its highest level in 2007. Dublin residential property prices are 22.5% lower than their February 2007 peak, while residential property prices in the rest of Ireland are 25.5% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 77.7%. Dublin residential property prices have increased 91.9% from their February 2012 low, whilst residential property prices in the rest of Ireland are 71.4% higher than the trough, which was in May 2013.