Residential property price inflation slowed further in November to a rate of 8.6%, down from 9.7% in October, according to the latest figures from the Central Statistics Office.
Prices in Dublin rose by 7% on an annual basis, and fell marginally by 0.2% between October and November, while properties outside Dublin rose by 9.8%.Prices nationally increased by 0.2% in November compared to October, which is the smallest monthly increase in the past year.
In the third quarter of last year, the price of new dwellings went up by 9.1% compared to the same quarter in 2021. This was up from 7.9% in the second quarter compared to the same period in 2021. Sales of existing properties rose by 7.3% and accounted for just over 83% of transactions. New properties accounted for 16.8%, which was up 7.4% on November 2021.
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