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Home prices are now about 1 percent lower than at this time last year. The latest residential property price index shows that residential property prices across the state fell 0.8 percent year-on-year in September as the Covid-19 crisis continued to slow market activity.
The figures show that prices in Dublin fell by an even greater margin: 1.8 percent in annual terms.
Along with a slowdown in price growth, the latest record points to a drop in transactions.
In September, there were 3,193 registered home sales with Income, a 22 percent decrease from the same month last year. However, the September total increased significantly from the previous month.
Higher growth
The strongest house price growth in Dublin was recorded in Fingal at 2.1 percent, while the city of Dublin saw a 4.2 percent drop.
The region outside Dublin that saw the largest increase was the Midlands, where prices were up 4%. At the other end of the scale, the Midwest region saw a 5.7% decline.
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