The second quarter of 2016 has seen a continuation of the relatively modest price growth experienced in the capital over the last 18 months. Rising by 1.5% in Quarter 2, this increase represents the highest quarterly rise in residential property prices in the capital since the last quarter of 2014 and equates to an annual change of just 3% in Dublin property prices over the last 12 months.

Prices in the sub €250,000 category grew at the fastest rate, up 2.4% for Q2 and 5.3% for the year to the end of June 2016, no doubt a consequence of the Central Bank’s current mortgage lending rules. Interestingly, Southside Dublin and properties in excess of €500,000 remain the only two categories of property still 50% below their peak values.