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Residential property prices rose 10.6% nationally in the year to May, according to new figures from the CSO.
When Dublin records are removed, the price rise for residential properties around Ireland were 1.8% higher in May 2014 than May 2013.
The latest Residential Property Price Index compares shows that prices rose by 2.3% in May 2014, compared with a 0.3% increase in May of last year.
Dublin prices registered the highest increase, with house and apartment prices rising 22% between May 2013 and May 2014. House prices rose by 22.4% over those 12 months, while apartments were up 19.5%.
The CSO report notes that house prices in Dublin are 44.4% lower than the highest levels recorded in 2007, while apartments are 53.4% lower. Residential prices outside of Dublin are 47% lower than in September 2007.
Commenting on the new CSO figures, Davy Research noted that the overall market remains “exceptionally illiquid”, with prices reflecting a lack of supply. Davy also said that residential housing price inflation has not been driven by mortgage lending as cash buyers still account for over half of the market’s transactions.
Cash buyers are being enticed by a combination of rising rents, tax incentives, low interest rates the lack of new housing but are, Davy warns, unlikely to be a longer-term sustainable source of demand.
Read: Irish mortgage arrears tracked by Fitch are higher than ever >
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Amnesty and others should be ashamed of themselves coming out with this kind of gift wrapped propaganda for Russia, theres only one side commiting war crimes and it aint Ukraine
@Buí agus Gorm: The rules of international humanitarian law are there to protect everyone. If you deny one side’s responsibilities you open up the Pandoras box. And a breach of international humanitarian law is not necessarily a war crime. War crimes are reserved for serious breaches. And you are right: the only war crimes that I have seen have come from the Russian side. But Amnesty should not be ashamed for standing up for international law.
@Nicholas McMurry: every rule is being broken by Russia who cares about the Russian pow’s getting a bit of a video taken of them they are getting off lightly.
@Nicholas McMurry: agreed. To put it simply, two wrongs don’t make a right.
Hang on a minute, they are not POW’s as Herr Putin has said it is not a “war”
I wonder if “organised” groups like paid Syrian mercenaries or Chechen terrorists are to be treated as POW’s? Given their track records of brutality and human rights abuses, they should be shot out of hand.
@Paul Shepherd: mercenaries are not entitled to combatant nor prisoners of war status afforded under the Geneva Convention. As for ‘terrorists’ if they are members of a local opposition, clearly identifiable and openly carrying weapons they are entitled to such status.
@D. Memery: I’m sure their victims will be relieved that their human rights will be respected.
@Paul Shepherd: perhaps you should direct your critism at the authors of the convention and the International Red Cross so! If you read the link you will note that although mercenaries are not entitled the combatant status they are permitted to be detained and tried for any crimes committed under civilian law.
If some dude came to my country and attacked my family n friends and then I captured him. I wouldn’t be caring if some yolk from the UN thought filming him was degrading. To be honest i probably wouldnt be keeping him alive in the first place.
@Rob Gale: What is the point in defending our values if we don’t have any?
I’m sorry but did Russia worry about all the innocents they have killed in cold blood? Women, children, the old and the sick. And those soldiers looked like middle Eastern blokes that joined up.
@Roy Dowling: oh b1. te me you @$$ wipe. I’m not gender biased I’m on the side of those unable to defend themselves. Why are there such €€jits here making such immature uneducated comments in the middle of a conflict.
@Anna Carr: hopefully I’ll never get close enough to you to b1.te you. People like you are why are to the problems of this world. You expect all men capable to defend themselves but no women are capable to defend themselves. Makes it more gender bias on your side.
I think Ukraine needs to take the high ground and not engage in tactics Putin would use.
Civilians didn’t sign up to the Geneva convention to protect Russian invaders. When this goes full guerilla warfare those sad phone calls will be public executions.
The general perception is that Putin started a war. I would suggest cautiously that Putin started an invasion. By way of Ukraine’s defence, a war began. Compare this war to the US troops exiting Afghanistan. Al-Qaeda (although already largely present with the country) carried out an invasion. Not a war. While I admire Zelenskyy’s bravery and hope the best for him, I can’t help but think he’s not being realistic in meeting Putin halfway. That Ireland voted to fast-track Ukraine into the EU will only stoke the fire. But then Ireland is just an EU provincial government. France / Netherlands who both vetoed the move is a tad more realistic.
have your say