Dublin property price growth rate now slowing
Dublin residential property prices are still rising yet at a much slower rate seen by the 4.3% growth from February 2018 – 2019 compared to 12.5% from February 2017 – 2018. This represented the slowest growth rate since 2013.
Dermot O’Leary, chief economist at Goodbody was quoted as saying: “Ongoing moderation in house price inflation in February is a reflection of the weaker mortgage trends in the second half of 2018. We have seen some pick up in demand early in 2019 but this may take some months to feed through in the context of the increase in stock for sale in Dublin… ”
Nationally the figures show that they are 18.8% lower than when prices peaked back in 2007.
Full story can be read on the Irish Times website.