A slight slowdown in growth in housing prices, but the growth rate is still double-digit

  • A slight slowdown in growth in housing prices, but the growth rate is still double-digit
    Independent.t. E.
    Real estate prices continue to grow at double-digit interest rates in June, but the growth rate has decreased a bit.
    https://www.independent.ie/business/personal-finance/slight-slowdown-in-house-prices-growth-but-rate-of-rise-still-at-double-digits-37214750.html
    https://www.independent.ie/incoming/article37194519.ece/8315d/AUTOCROP/h342/page17_property.jpg

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Real estate prices continue to grow at double-digit interest rates in June, but the growth rate has decreased a bit.

New figures from the Central statistics office show prices rose by 12 PC in June across the state.

The growth in June is a small slowdown in price by 12.4 PC in may and 13.5 PC in April.

Slower growth in housing prices in Dublin is mainly responsible for the marginal drop in growth on a national scale.

Buyers in Dublin are against the restrictions of the Central Bank of the creditor, while in the capital and surrounding areas, the rise of new properties for sale.

In Dublin residential property prices rose by 9pc in the year to June. This is the first time there was single-digit growth in Dublin more than a year.

Read more: Irish mortgage rate rip-off? Here home buyers are paying €2,200 more than the Eurozone average

The highest growth in housing prices was in Dublin, 12 PCs..

In contrast, the smallest increase was in South Dublin, where housing prices rose by 5.9 PC.

Prices in the rest of the country was in June of the year 15.2 PC above.

The mid-West region showed the largest price increase, housing prices increase by 22.3 PC. The border region showed the lowest price increase, housing prices increase 4.9 PC. Prices for apartments in the rest of Ireland rose 20.3 PC over the same period.

Overall, the national index is 19.5 PC lower than its highest level in 2007.

In Dublin residential property prices 22.2 PC lower than their peak in February 2007, while prices for residential property in the rest of Ireland 24.2 PC lower than their peak of may 2007.

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