House prices rising faster in Kilkenny and South East: new CSO figures

HOUSE prices are rising faster in Kilkenny and the South East than in most other parts of the country.

New figures published today by the Central Statistics Office reveal the prices of houses and apartment in the region rose by 10.4% in the year to October.

This is 2% higher than the national average of prices rises recorded for the same period.

And it is significantly higher than the 6.3% figure recorded in Dublin, continuing a hardening trend in recent months that have seen prices in the capital rise at a much slower rate than the rest of the country.

The region showing the largest price growth was the Mid-West, where house and apartment prices jumped by more than a fifth (21.5%).

Within the Dublin region, South Dublin had the lowest growth rate at 5%.

Overall, Irish property prices have risen by 83.8% from their trough in early 2013, with Dublin prices almost doubling (+98%) from their February 2012 low.

Residential property prices in the Rest of Ireland are 77.9% higher than at their lowest ebb in May 2013.