Housing

House prices up by 14.2% but rate of rise begins to slow

Ireland’s national property index is just 2 per cent lower than it was at its peak in 2007

Trevor Grant, chairman of the Association of Irish Mortgage Advisors, suggested that prospective homeowners may be “understandably concerned” about a potential drop in property values in the near future. Picture: RollingNews.ie

House price inflation slowed in April for the first time in almost two years as Ireland’s national property index sits at just 2 per cent lower than it was at its peak in 2007.

New figures supplied by the Central Statistics Office (CSO) derived from Revenue data on property sales shows that in the past 12 months, the residential property price index increased year-on-year in April by 14.2 per cent nationally compared to a seven-year ...